Page 279 - MOE ENGLISH PR REPORT - JANUARY 2024

UAE lanches Global TradeTech Sandbox at Davos Image (WAM)

The TradeTech Sandbox aims to implement flexible and forward-looking
regulatory frameworks that unlock the potential of these technologies. It will
streamline the interaction between exporters, logistics companies, ports,
regulators, and customs officials.

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said: “The
adoption of advanced technologies is accelerating in various sectors, and it is
important that international trade keeps pace with these developments now
more than ever. We need to re-evaluate the current regulatory frameworks to
keep pace with the digital transformation and address the future.”

Global TradeTech Sandbox to support startups

Al Zeyoudi added: “Global TradeTech Sandbox is designed to keep pace with
technological developments in all fields, to provide means for startups to
access markets. It also provides a platform through which forward-looking
regulatory policies can be adopted that adapt to the future, enhance
innovation, protect stakeholders, and ensure the flexibility of global trade
systems.”

https://gulfbusiness.com/uae-launches-global-tradetech-sandbox-at-wef/