Page 422 - MOE ENGLISH PR REPORT - JUNE 2024

6/24/24, 2:27 PM PRESSR: Economic Integration Committee reviews progress of National Registry, discusses UAE’s endeavours in enhancing trade…
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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