Page 375 - MOE ENGLISH PR REPORT - JANUARY 2024

1/18/24, 3:50 PM WAM - Emirates News Agency
help MSMEs attain EcoMark status, covering document

requirement guidelines and a roadmap to progress from basic

to advanced levels of sustainability, and a standardised

application process and complete eligibility criterion for

accreditors in the participating countries. The framework will

be overseen by a central body headquartered in the UAE.

The initiative was announced at the World Economic Forum

annual meeting in Davos by Dr. Thani bin Ahmed Al Zeyoudi,

Minister of State for Foreign Trade, during a panel discussion

titled ‘A New Trade Order: Inclusive Growth’.

The panel, which gathered ministers, policymakers, and

academics to explore means to better integrate LDCs, MSMEs,

and female and youth-led businesses into global trade,

highlighted the need to help emerging enterprises keep pace

with increasing consumer demand for products and services

that comply with green standards.

Launching the initiative, Al Zeyoudi emphasised that MSMEs

have a pivotal role in driving the transition toward a lower-

carbon economy. However, the contribution of MSMEs such as

those run and operated by underrepresented groups

including women and youth can only be unlocked through

targeted and customised support that reduces time, cost and

resource constraints associated with environmental regulatory

compliance.

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