HE Dr Thani Al Zeyoudi outlines how trade is a catalyst of growth during World Economic Forum Annual Meeting in Davos

HE Dr Thani Al Zeyoudi outlines how trade is a catalyst of growth during World Economic Forum Annual Meeting in Davos

- HE Dr Thani Al Zeyoudi: “At a time when many worry about deglobalization, we are looking to drive global economic expansion – to the benefit of us all.”

Davos – His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has highlighted the centrality of trade to the global economy and the importance of modernizing supply chains to meet the challenges in the year ahead during his visit to the World Economic Forum Annual Meeting in Davos, Switzerland.

After a record year for global trade, with the total value exceeding US$32 trillion and world container shipping hitting an all-time high in August 2022, the World Trade Organisation has trimmed its forecast for trade growth to just 1 percent in 2023, citing increasing downside risks from inflation, consumer spending and the ongoing energy crisis.

HE Dr Thani Al Zeyoudi used his visit to Davos to engage leaders across the world to champion multilateralism and accelerate the adoption of technology to catalyze the flow of goods and ensure all nations have equal, unrestricted access to the global trading system. Citing the UAE’s own trade successes in 2022, including record exports and the first half-year to exceed AED1 trillion in