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World Economic Forum to Improved Trade through Technology

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World Economic Forum
  • A new TradeTech Forum, in conjunction with the Ministerial Conference of the World Economic Forum Organization, will bring together policymakers and technological innovators to collaborate on trade-supporting technologies.
  • The summit will expand on the talks held in Davos about ways to enhance the world Economic Forum trade system and quicken investment, e-commerce, and sustainable trade.
  • On February 27, 2024, the Abu Dhabi National Exhibition Center in Abu Dhabi, United Arab Emirates, will host the TradeTech World Economic Forum.

Information about the World Economic Forum

February 22, 2024, Geneva, Switzerland To discuss the application of cutting-edge technologies in trade, the World Economic Forum will bring together 300 ministers, business executives, trade leaders, specialists, and representatives of civil society. The World Trade Organization’s 13th Ministerial Conference will occur in tandem with the first-ever TradeTech Forum in 2024.

The Department of Economic Development in Abu Dhabi and the Ministry of Economy in the United Arab Emirates are partners in organizing the TradeTech Forum. It is based on the World Economic Forum-hosted TradeTech Global initiative, which tests novel trade technologies and investigates business models and policy. The program aims to change global trade.

“Børge Brende, stated“

The World Economic Forum President, Børge Brende, stated. “It is time to revitalize trade and this includes the urgent need to understand and integrate new technologies. ” We have the chance to expand on the work done in Davos to speed up the adoption of technology thanks to the TradeTech Forum. That has the potential to spur trade recovery and free us from the “slowdown” trap.

The Forum’s 2024 Annual Meeting in Davos

Where delegates explored ways to enhance the trade system to satisfy present demands, will be followed by the talks in Abu Dhabi. The forum communities have advocated for a practical rules-based global trading system and are seeking results in areas like e-commerce, sustainable trade, and investment facilitation, among others.

The TradeTech Forum’s roundtables and panel discussions will center on how technology may improve trade’s sustainability, inclusivity, and development-orientedness. This involves assisting businesses in effectively navigating and meeting new legal or customer demands for supply chain transparency and resilience. The use of technology to close trade finance gaps and streamline trade procedures in developing nations.

Facilitates:

  • TradeTech facilitates the real acceleration of trade changes, which is a complement to the MC13 negotiations. The World Economic Forum’s extensive expertise in promoting trade facilitation globally serves as an example of how public-private cooperation may enhance trade.
  • At a TradeTech event. There will be exhibits featuring trade innovators and cooperative coalitions working to overcome network barriers to promote innovative trading technology around the globe.
  • Attendance at the sessions is extended to members of the approved media. On February 27 at 9:30 a.m. The public and media will be able to watch the opening plenary session live through this livestream.
  • “Technology has the potential to positively impact all links in global supply chains, from automated customs checks to AI-led inventory management systems,. ” stated Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Chairman of CM13, in the UAE. It can broaden the scope of trade, enabling more equitable and secure participation in the world trading system for smaller countries and SMEs.
  • “Global trade leaders have the chance to exchange ideas. look into areas of cooperation, and together shape the future of global trade at the Forum. “I’m looking forward to enlightening and productive conversations. That will clear the path for supply chains that are more intelligent, sustainable, and inclusive.

Program Highlights and Subject Matter

  • The TradeTech Forum will cover the after subjects:
  • Panel discussion: How can we strengthen the TradeTech environment from 10:00 to 11:00?
  • 11 a.m.–12 p.m.: TradeTech Futures Lab Workshop: Creating Inclusive, Effective, and Sustainable Global Trade 
  • Interviews: The builder, the innovator, and the thinker from 1:30 to 2:15 p.m.
  • 14.15–15.15: Roundtable: The future of commerce: how reliable AI will propel the industry’s transition
  • Roundtable: TradeTech and the 13th Ministerial Conference: How can international policies support fair and sustainable trade through technology? 15:45–16:30
  • Panel discussion: “From vision to action: Building coalitions for a global TradeTech boom” from 16.30 to 17.15
  • 17.15–17.45: World Economic Forum President Børge Brende. United Arab Emirates Minister of State for Foreign Trade Thani Ahmed Al Zeyoudi will make closing remarks. 

Interview an expert at the World Economic Forum.

If a member of the media wishes to meet or interview a World Economic Forum expert. They should get in touch with Trevor Chueu, Media Engagement, World Economic Forum, by email at trevor. Here is where the media can find out more about the spokespersons’ backgrounds and specialties.

Notes to editors

View the Forum Agenda in Japanese, Mandarin, and Spanish as well.

Find out what effects the Forum has

Check out the forum transformation maps and the strategic intelligence platform.

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