Dubai (WAM)
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, confirmed that the UAE’s proactive trade policy has led to achieving growth that exceeds the global trade growth rate eight times.
His Excellency pointed out in a video speech during the activities of the fourth session of the World Trade and Supply Chain Summit, organized by the Economist Impact Foundation in cooperation with the New Economy Academy in Dubai over two days, that the ability to trade freely fundamentally determines the future of the economy, stressing that trade is at the heart of Development of nations.
His Excellency said, “In just three years, this summit has become one of the most important gatherings in the international trade community, where decision-makers and private sector leaders can meet and exchange experiences and visions, as well as develop solutions that strengthen the global trading system.”
His Excellency pointed out that the theme of the summit for 2024, “Redefining Resilience and Relationships,” reflects the main challenges facing the global economy today.
He added: “We are all adapting to new alliances, adopting new technologies, and dealing with new obstacles, and in parallel, we are adopting new sources of energy, and responding to increasing demands to achieve sustainability and environmental responsibility. The way we deal with these issues, and the extent of our cooperation in addressing them, “It will determine the future of trade in the coming years, and I am confident that the discussions that will take place over the next two days will contribute significantly to determining the path we will follow.”
His Excellency Al-Zeyoudi stressed that the UAE is determined to have a heard voice on these issues, and said: “We, as a country, whose economic future strongly depends on its ability to trade freely with the rest of the world, and as a major hub in global supply chains thanks to our logistical infrastructure and communications.” “The future of the UAE economy will depend greatly on the future of trade, and we believe that trade is at the heart of the development of nations around the world, especially in the global South.”
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