UAE positioned itself as key player in Global Value Chain: Al Zeyoudi

UAE positioned itself as key player in Global Value Chain: Al Zeyoudi

ABU DHABI, 4th March, 2023 (WAM) – Bringing UAE's role in global trade, investment and growth, industry leaders of trade and investment from around the world came together in a session titled “Beyond Borders: Harnessing the Power of Global Trade for Investment & Growth” at Investopia Conference 2023, held in Abu Dhabi on 2-3 March.

The discussion was led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Chris Cox, Global Head of Trade and Working Capital Solutions, Citi, Samaila Zubairu, President & CEO, Africa Finance Corporation, and James Zhan, Senior Director, Investment & Enterprise, UNCTAD.

Al Zeyoudi discussed a question by the session moderator Maria Ramos about the impressive 78 percent year-on-year growth in trade figures for the country.

He also pointed out that the global reshuffling of economic gravity is providing an opportunity for the UAE to position itself as a key player in the global value chain. Furthermore, the rise of protectionism around the world, accelerated by the pandemic, is expected to cost around USD 3 trillion by 2025 to the global economy. To avoid the negative impact of these trends, the UAE is redefining supply chains and forging new partnerships.

He added that in 2021, the