The government of the UAE launched the Global Experimental Policies Trade Center (GEPCT) as part of TradeTech Initiative.
This was in partnership with the Ministry of Economy, the Abu Dhabi Department of Economic Development (ADDED), and the World Economic Forum (WEF).
Moreover, the launch took place at the World Economic Forum’s 54th Annual Meeting in Davos, Switzerland.
With the aims of encouraging innovation, developing best practices, and promoting them around the world.
The Center will work to enable future technologies through flexible and forward-looking regulations that businesses and organizations can benefit from now.
The Global Experimental Policies Trade Center will work on four main pillars:
- Developing the regulatory framework
- Creating a testing environment
- Establishing an innovation hub
- Supporting and promoting policies and regulations
Over the next three years, the center will produce three sets of specialized regulations relevant to global trade.
HE Dr. Thani bin Ahmed Al Zeyoudi said:
“The adoption of advanced technologies is accelerating in all sectors.
Moreover, it is important that the international trade keeps pace with these developments now more than ever.
We need to re-evaluate current regulatory frameworks to keep pace with digital transformation and address the future.”
He added: “The GEPCT, as part of the TradeTech Initiative, is designed to keep pace with technological developments in all fields.
And also to provide means for start-ups to access markets.
In addition, it provides a platform for adopting regulatory policies that anticipate the future, adapt to it, promote innovation, protect stakeholders, and ensure the flexibility of global trade systems.”
Al Zeyoudi invites global trade technology innovators to visit the UAE
HE Al Zeyoudi invited innovators in the field of global trade technology to visit the UAE.
In order to benefit from the business environment there to develop and refine.
Also to disseminate their innovations that could stimulate global trade growth.
And increase its contribution to achieving comprehensive development around the world, in line with the aspirations of the world in the 21st century.
The activities of the first edition of the Japan-Kyoto Trade Fair will begin next Monday at the Dubai World Trade Center, with the participation of more than 100 Japanese companies and institutions in all technological, industrial and creative sectors. pic.twitter.com/glC65e2mk4
— UAE Voice (@uae_voiceeng) January 19, 2024
This partnership confirm the UAE’s commitment to being a pioneer and early adopter of innovative solutions.
That can deal with the many transformations taking place in the global economy and trade flows around the world.
It is an example of the need for cooperation and proactive policies to shape a better future for everyone.
Stressing the importance of the UAE’s vision to support cooperation between East and West.
In order to stimulate trade and investment flows.
This is at a time when the world is in need of new regulatory and legislative frameworks.
In fact, the UAE and Abu Dhabi are leading in this area, with their regulatory frameworks that keep pace with developments.
In addition to their early adoption of the latest technologies.
And also their commitment to promoting economic integration at the regional and international levels.
These partnerships and the UAE’s initiatives play a vital role in enabling everyone to transition to a knowledge-based economy.
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