The inaugural TradeTech Forum, a vital component of the UAE’s TradeTech Global initiative, is set to debut alongside the World Trade Organisation’s 13th Ministerial Conference (MC13) in Abu Dhabi on February 27, 2024. In collaboration with the World Economic Forum (WEF), this event marks a significant milestone in advancing the integration of technology into international supply chains.
The TradeTech Global Initiative aims to unlock trillions of dollars in additional global trade value. That is through leveraging cutting-edge technologies such as blockchain, AI, the Internet of Things, and data analytics.
Exploring innovative solutions
The TradeTech Forum will serve as a platform to explore groundbreaking ideas. It showcases the latest innovations shaping the future of trade technology. Moreover, it explores themes ranging from the best ways to boost the TradeTech ecosystem and digitalizing customs procedures. It explores ways to empower small businesses involved in trade finance, smart logistics, and technology for green trade.
Government officials, technology pioneers, and trade specialists will converge at the TradeTech Forum to exchange knowledge and best practices. The forum will drive the adoption of more efficient, transparent, and accessible supply chains.
Moreover, a TradeTech fair will highlight up-and-coming trade tech companies. Meanwhile, the event will witness the launch of major initiatives breaking new ground in TradeTech regulation and AI-driven sustainability in trade.
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Global supply chains
Commenting on the TradeTech Forum Dr. Thani bin Ahmed Al Zeyoudi, minister of state for foreign trade stated: “Technology has the potential to positively impact every link in global supply chains, from automated customs checks to AI-directed inventory management systems. It can also expand the reach of trade, enabling smaller nations and SMEs to participate in the global trading system equitably and securely.”
For his part, Børge Brende, president of WEF, expressed the need to revitalize trade. This includes the urgent need to understand and integrate new technologies. “MC13 and the TradeTech Forum give us the opportunity to build on the work done in Davos to accelerate technology deployment. That can drive a trade recovery, and get us out of the trap of ‘slowbalisation’,” he added.
The TradeTech Forum, aligned with MC13, offers a platform for engagement with leading stakeholders from the public and private sectors. It will become an annual meeting, fostering collaboration and shaping the future of global trade through innovative TradeTech solutions.
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