UAE investments are making significant strides across various sectors, including services, artificial intelligence (AI), digital services, sustainable development, and the green economy. These investments are poised to have a transformative impact on the UAE’s future economy.
Johanna Hill, deputy director-general of the World Trade Organization (WTO), emphasized this importance during a statement to the Emirates News Agency (WAM) at the fourth Global Trade and Supply Chain Summit in Dubai.
She noted that “the UAE is playing an incredible role in world trade,” highlighting that the trade agreements the UAE has established with several countries underscore this commitment.
Hill also pointed to the UAE’s hosting of the 13th Ministerial Conference (MC13) in Abu Dhabi as a testament to the nation’s dedication to enhancing the global trade system.
She explained that the UAE’s strategic approach will enable it to seize opportunities arising from shifts in the global trade landscape.
Additionally, Hill shared the WTO’s growth projections for global trade, forecasting a recovery with merchandise trade expected to grow by 2.6 percent this year and 3.3 percent in 2025, while services trade saw a robust 9 percent increase last year, suggesting a positive outlook for the future.
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