Page 415 - MOE ENGLISH PR REPORT - JUNE 2024

6/24/24, 2:26 PM Economic Integration Committee reviews progress of National Registry, discusses UAE’s endeavours in enhancing trademark prote…
Foreign Trade. The meeting was attended by representatives of local economic
development departments from all emirates.

The Committee reviewed the progress on the implementation of its previous meeting's
agenda in March, discussing several important topics. One key area of focus was the

significance of bolstering national efforts to enhance trademark registration in the UAE in
line with global best practices.

H.E. Abdulla bin Touq, Minister of Economy, said: “In accordance with the directives of

our wise leadership, the UAE has taken significant strides towards fostering an exemplary
legislative and economic framework, adhering to the highest global standards. This

advancement is evident in the implementation and refinement of diverse policies and
regulations across vital economic sectors, particularly those pertaining to emerging

sectors like technology, innovation, intellectual property, and trademarks. Notably, the

UAE has been named as the premier global destination for initiating and conducting new
economic ventures, according to the 2024 Global Entrepreneurship Monitor (GEM) report.

This recognition resonates with the objectives outlined in the "We the UAE 2031" vision,

which seeks to position the UAE as a compelling and influential economic hub within the
next decade.”

Bin Touq underlined how important it is for the Economic Integration Committee and local

economic development departments to support national efforts to improve and update
competitive and flexible economic laws and policies. This is playing a vital role in

supporting the UAE’s vision of transitioning to a knowledge-based and innovative new
economic model. Additionally, it will contribute to attracting foreign direct investments and

instilling confidence in investors, businessmen, and capital owners within the national

economy.

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