Page 84 - MOE ENGLISH PR REPORT - DECEMBER 2024

Press Release

In detail, the Committee reviewed the performance of the Ministry of Economy and the local
economic development departments in the Government Data Maturity Index, in which the Ministry
achieved an outstanding 95.7 per cent score. This reflects the Ministry's adherence to best practices
in data management and flow, contributing to the development of a comprehensive economic
database that supports the UAE's future economy agenda, aids in making strategic decisions that
enhance international economic relations. It also assists in monitoring the financial performance of
companies and ensures the sustainability and competitiveness of SMEs.

Furthermore, the meeting discussed a proposed initiative to support and protect the intellectual
property rights of UAE products with geographical indications (GI), and to enhance their expansion
and competitiveness in regional and global markets. It will safeguard the rights of Emirati
producers in international markets and boost the production of local products that reflect the UAE’s
identity and heritage. Such efforts will contribute to the growth of trade relations with partners
through mutual recognition of geographical indications and bolster the UAE’s global reputation as
a ‘country of origin’ for high-quality products such as dates, dairy, honey, and fish.

The Committee emphasized the necessity for producers to adhere to all production standards and
regulations concerning IP protection for the trademarks of GI tagged products. This will be done
in coordination and cooperation with relevant authorities to facilitate licensing and ensure
compliance with the set standards, thereby supporting traditional industries, encouraging tourism,
and protecting national heritage.

– Ends –

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