Page 52 - MOE ENGLISH PR REPORT - JUNE 2024

Press Release

Economic Integration Committee reviews progress of National

Registry, discusses UAE’s endeavours in enhancing trademark
protection

>> Bin Touq: The UAE has made significant progress in creating a favourable economic
legislative environment. The Committee plays a significant role in bolstering the UAE's
vision to shift towards a new economic model.

Abu Dhabi, 4 June 2024:
The Economic Integration Committee held its third meeting of 2024 under the chairmanship of
H.E. Abdulla bin Touq Al Marri, Minister of Economy, and with the presence and membership of
H.E. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for 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.

During the meeting, Bin Touq emphasized the significant indicators of economic growth achieved
by the UAE under the vision and guidance of the wise leadership in 2023. These accomplishments