Page 876 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/27/24, 4:24 PM UAE Home to Over 1.5 Million Trade Licenses
The Committee reviewed progress on economic legislation aimed at boosting the UAE’s

global competitiveness. Key recommendations from previous meetings, particularly those

on telemarketing regulations to protect consumer rights, were also discussed in line with

the UAE Cabinet’s directives.

Minister Bin Touq highlighted the UAE’s global economic positioning, crediting flexible

policies, advanced legislation, and leadership's guidance. These initiatives align with

the "We the UAE 2031" vision to develop proactive regulations for emerging sectors and

attract investments.

The Committee noted the Ministry of Economy’s exceptional 95.7% score on

the Government Data Maturity Index, underscoring its commitment to data excellence.

This achievement supports strategic decision-making, SME growth, and international

economic relations.

Additionally, discussions centered on intellectual property rights for UAE products with

geographical indications (GI). The initiative aims to protect Emirati producers globally,

enhance the competitiveness of local products like dates and honey, and reinforce the

UAE’s reputation as a hub for high-quality goods.

The Committee stressed the importance of strict adherence to IP standards and

regulations to safeguard traditional industries, promote tourism, and preserve national

heritage. These efforts aim to position the UAE as a global leader in innovation and
sustainable economic development.

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