Page 276 - MOE ENGLISH PR REPORT - JANUARY 2024

Department of Economic Development, and the World Economic
Forum. The project was announced with a memorandum of
understanding signed in the presence of notable figures, including
UAE’s Minister of Cabinet Affairs and the WEF Founder.

The TradeTech Sandbox is designed to foster innovation in trade
technology and establish guidelines for its worldwide use. It focuses

on developing flexible, future-oriented regulations to maximize the
potential of new technologies in trade. By improving the coordination
between exporters, logistics firms, ports, regulatory bodies, and
customs, the project aims to streamline global trade processes,
making them more efficient and effective.

Rep. Image: Evangeline Shaw | Unsplash

Minister Thani bin Ahmed Al Zeyoudi emphasized the importance of
keeping international trade in step with technological advancements.
The Global TradeTech Sandbox will provide startups access to
markets and a platform for developing forward-thinking regulatory

https://emiratitimes.com/uae-unveils-tradetech-sandbox-at-davos-world-economic-forum/