Page 367 - MOE ENGLISH PR REPORT - JANUARY 2024

1/26/24, 2:07 PM WAM - Emirates News Agency
Dr Thani was joined at the press conference by Børge Brende,

President of the World Economic Forum, and Ngozi Okonjo-

Iweala, Director-General of the World Trade Organisation.

They each underlined the role of technology in making global

trade cheaper, more efficient and more accessible, especially

in the Least Developed Countries. They also stressed the

necessity of the public and private sectors working closely

together to create the right regulatory frameworks and

interoperable systems to maximise their impact.

Dr Thani also confirmed plans for a trade tech incubator,

which will support promising new projects and startups in the

trade tech space, underlining the UAE's commitment to

providing the right ecosystem for innovation and ideation. A

new regulatory sandbox, specifically created to co-design,

implement, pilot, and promote a set of cutting-edge

regulatory policies for trade tech, was also announced at this

year's Davos.

Other components of the Trade Tech Global initiative include

the Trade Tech Alliance, which will bring leaders, CEOs and

experts together to share best knowledge and identify

constructive and collaborative paths forward, and the

TradeTech Forum, which will be held in the UAE in parallel with

the World Trade Organisation's 13th Ministerial Conference in

Abu Dhabi in February 2024.

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