UAE seeks to accelerate global trade, economic growth: Al Zeyoudi

UAE seeks to accelerate global trade, economic growth: Al Zeyoudi

The UAE seeks to drive global economic expansion at a time when many worry about deglobalisation, Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, declared on the second day of the World Economic Forum in Davos as he sought to position Arab world’s second-largest economy as a vital “gateway to the world and a leading voice on trade reform.”

The UAE, the minister said, wants to be the bridge to the private sector, driving new trade deals, partnerships, FDI, and talent migration, and helping to connect the world’s fastest-growing economies. “This is why we are working with the World Economic Forum to study ways to inject technology into our global trading system and drive that change.”

“At a time when many worry about deglobalization, we are looking to drive global economic expansion – to the benefit of us all,” Al Zeyoudi said as he sought to champion multilateralism during his discussions with leaders across the world.

The UAE minister’s upbeat stance on multilateralism and the clarion call to accelerate international trade came amid a gloomy forecast for global trade, prompting the World Trade Organisation to call for a new form of globalization dubbed “reglobalisation.”

After a record year for global