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2/26/24, 2:54 PM Transformative power of trade tech can open more borders for everyone

OPINION

UAE GULF MENA WORLD BUSINESS OPINION CLIMATE HEALTH LIFESTYLE ARTS & CULTURE TRAVEL SPORT PODCASTS WEEKEND

Transformative power of trade tech can

open more borders for everyone

The UAE is all set to put TradeTech in the global spotlight

THANI AL ZEYOUDI

Dubai's Port Rashid. The UAE is championing efficient supply chains powered by advanced technology AFP

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I t’s difficult to overstate the importance of trade to the global economy. Simply put, without Feedback

trade, there is no global economy. The exchange of raw materials, goods, products, ideas and
innovations is what enables industries to grow, companies to expand, markets to develop in
size and sophistication, and societies to develop. The UAE is a clear case in point: trade has been
the principal driver in the economy’s 20-fold expansion in the past 50 years.

Today, a matrix of rules, treaties and regulations govern these exchanges and despite the
centrality of trade to collective prosperity they remain mired in analogue processes and legacy

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