What To Know
- Thani bin Ahmed Al Zeyoudi explained how CEPAs promote digital trade development in the nation’s sector through his role as UAE Minister of State for Foreign Trade.
- The UAE established full adoption of technological transformation by integrating sophisticated systems throughout all major industries making the nation a leader in digital commerce at the global level.
- Modern global trade systems based on AI analytics and digital trade agreements will position the UAE to lead worldwide economic leadership through the upcoming decade thus creating expanded business opportunities for local companies.
Digital trade services from the UAE have established the country as a worldwide leader by generating $47.91 billion in exports for the year 2023. Strategic Comprehensive Economic Partnership Agreements (CEPAs) combined with advanced technological adoption particularly artificial intelligence (AI) and blockchain solutions explain the remarkable growth achieved by the country in digital trade.
Dr. Thani bin Ahmed Al Zeyoudi explained how CEPAs promote digital trade development in the nation’s sector through his role as UAE Minister of State for Foreign Trade. The Emirati business sector guides the development of future commerce because these agreements provide opportunities for companies to specialize in digital services including fintech and insurance together with consulting and software development.
Al Zeyoudi stated global digital exports reached 63% of total services exports because technology has become the dominant force in international trade. The UAE established full adoption of technological transformation by integrating sophisticated systems throughout all major industries making the nation a leader in digital commerce at the global level.
The UAE’s application of AI stands as a primary tool to enhance trade efficiency through improved customs clearance operations. The minister observed that artificial intelligence developed beyond enabling capabilities to establish an infrastructure that underpins modern global trade systems which transform international service and product exchanges.
The UAE utilizes CEPAs to establish detailed coverage of services as well as specific agreements for digital trade implementation. The trade agreements protect Emirati business intellectual property rights (IPRs) thoroughly thus allowing companies to innovate while expanding their operations on international markets.
Modern global trade systems based on AI analytics and digital trade agreements will position the UAE to lead worldwide economic leadership through the upcoming decade thus creating expanded business opportunities for local companies.
