Page 418 - MOE ENGLISH PR REPORT - JANUARY 2024

cost and resource constraints associated with environmental
regulatory compliance.

Al Zeyoudi said, “Accounting for almost 90 percent of global
businesses, MSMEs must have full access to the global trading

system if our vision of a more sustainable and equitable global

economy is to be realised. These enterprises are also important

agents of change, with the flexibility and singularity of focus required

to drive sustainability across value chains.

The development of the EcoMark Global Accreditation as an

accessible and universally recognised platform will help them both find
and compete in new markets around the world, and meet the growing

demand for sustainable products and services.”

Al Zeyoudi said the announcement builds on the progress made at

COP’s first ever Trade Day held in Dubai last month, where the UAE
hosted a series of critical conversations on the contribution of trade to

the climate change challenge. As Chair of the WTO’s 13th Ministerial

Conference (MC13) in Abu Dhabi in February, he said EcoMark

underlines the UAE’s commitment to multilateralism and the desire to
deliver full and equal access to the global trading system.

The World Economic Forum Annual Meeting 2024 in Davos is taking

place under the theme “Rebuilding Trust” and has brought together
government and business leaders to engage in constructive, forward-

looking dialogues and help find solutions through public-private

cooperation. (ANI/WAM)

https://theprint.in/world/uae-launches-new-ecomark-green-accreditation-framework-for-
msmes/1927448/