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development and deployment. Through collaborative efforts and shared expertise, we can
use technology in trade to build a more equitable and sustainable trading system that
empowers individuals and communities worldwide.”

During his remarks, HE Al Zeyoudi officially released the UAE-backed whitepaper

‘Regulation 5.0 for Future Trade Tech’. The paper aims to pioneer a new era of trade
regulation by exploring the key trends in trade technology and their impact on global trade,

and providing a blueprint for a harmonized global regulatory system that will oversee the
trading systems of the future. Namely, a proposed alliance to focus on fostering
international collaboration on TradeTech regulation to ensure its unified application by

trading nations, especially developing countries and least-developed countries (LDCs).
The paper argues that rapid evolution and adoption of technology across global supply

chains makes regulating trade technology a crucial element in their widespread adoption.
Mechanisms to safeguard trade-related data, to ensure fair competition, to offer

consumer protection and privacy, in addition to establishing legal clarity to resolve
potential disputes between trading partners, all need to be developed and tested.

From the World Economic Forum, President Børge Brende discussed global growth

trends and the challenges facing trade in the year ahead during the TradeTech Forum,
stating that “there will be no real economic recovery without trade and investment
recovery,” adding that “technology can make trade more resilient and align with our

societal values, create jobs, economic growth and higher standards of living.”

Beyond panel dialogues, the TradeTech Forum provided a platform to showcase
TradeTech solutions by private sector companies and start-ups, including creators of the

only comprehensive map of every Special Economic Zone (SEZ) worldwide Adrianople
Group, Africa’s AI powered cross-border platform provider Jetstream, and Swedish
fintech Enigio, who’s ‘trace:original’ product digitally mimics paper processes from

invoicing and packing lists, to insurance policies or bill of lading (BL).

The TradeTech Forum is set to become an annual event which will take stock of progress
made toward modernizing the international trading system and promote collaboration and

partnerships to drive its acceleration. It is the first step in building a global movement to
usher in lasting change to the global trading system.

https://www.msn.com/en-ae/news/other/inaugural-tradetech-forum-highlights-technology-s-
potential-to-revolutionise-global-trade/ar-BB1iZHlk