Page 504 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)
P. 504

4/23/25, 4:27 PM  Economic Integration Committee reviews latest developments in the enhancement of economic legislation to bolster competitivenes…



























        In this context, His Excellency highlighted the key role played by the Economic Integration Committee in
        continually enhancing the UAE’s economic legislation and policies, adopting innovative national initiatives,

        and enhancing cooperation and coordination with partners at both federal and local levels. These efforts have
        ensured greater alignment and coherence across the country’s legislative and regulatory landscape, given
        that the UAE has introduced over 30 economic laws and resolutions in the past four years.


        The Minister of Economy said: “The UAE is ushering in a new phase focused on strengthening the
        competitiveness of its legislative environment in line with global best practices. This follows the Cabinet’s

        approval of an integrated smart legislative system to guide the development of legislation and regulations
        across the UAE Government. Powered by artificial intelligence and advanced digital solutions, the system

        has enhanced the Committee’s capabilities in proposing and developing economic legislation and policies,
        assessing their real-time impact on the business community, and streamlining coordination with relevant
        stakeholders in the country.” His Excellency explained that the new system will play a key role in achieving
        the national target outlined in the ‘We the UAE 2031’ vision, which is to make the UAE the first globally in

        developing proactive legislation for new economic sectors by the next decade.


        Other topics discussed by the Committee include developments in the legislative and executive framework
        for regulating and protecting competition in the UAE. Emphasis was placed on the importance of organizing
        workshops and seminars in collaboration with relevant local entities to raise awareness on the importance of

        enforcing competition laws and policies across various economic sectors and preventing monopolistic
        practices. These efforts are aimed at achieving economic balance in the market and protecting consumer
        rights.


        Furthermore, the latest Committee meeting reviewed the progress made by the UAE Circular Economy
        Council so far, most notably the adoption of 22 circular economy policies across four main sectors:

        manufacturing, food, infrastructure, and transport. It also includes the establishment of the Circular Economy
        Policy Committee and the formation of partnerships with the UAE private sector to drive growth in sustainable

        technologies, clean energy, and waste management. The Committee reiterated its commitment to ensuring


      https://menews247.com/economic-integration-committee-reviews-latest-developments-in-the-enhancement-of-economic-legislation-to-bolster-competit…  2/3
   499   500   501   502   503   504   505   506   507   508   509