Page 420 - MOE ENGLISH PR REPORT - JANUARY 2024

countries. The framework will be overseen by a central body headquartered in
the UAE.

راطإ قلطت تاراملإا ةلود سوفاد يف دقعنملا يملاعلا يداصتقلاا ىدتنملل يونسلا عامتجلاا للاخ© Provided by Emirates News Agency (WAM)
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.

https://www.msn.com/en-ae/news/other/uae-launches-new-ecomark-green-accreditation-framework-
for-msmes/ar-AA1n6OTM