UAE unveils Global TradeTech Sandbox at WEF Annual Meeting

UAE unveils Global TradeTech Sandbox at WEF Annual Meeting

The UAE government has launched a Global TradeTech Sandbox, as part of the TradeTech Initiative, during its participation in the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. The Sandbox was launched in partnership with the Ministry of Economy, the Abu Dhabi Department of Economic Development, and the World Economic Forum (WEF). […]The UAE government has launched a Global TradeTech Sandbox, as part of the TradeTech Initiative, during its participation in the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland.

The Sandbox was launched in partnership with the Ministry of Economy, the Abu Dhabi Department of Economic Development, and the World Economic Forum (WEF).

The TradeTech Sandbox aims to spark innovation in trade technology and establish best practices for its global adoption. It will achieve this by implementing flexible and forward-looking regulatory frameworks that unlock the potential of these technologies.

According to the statement, “By streamlining the interaction between exporters, logistics companies, ports, regulators, and customs officials, it will create a smoother and more efficient trade environment.”

Dr. Thani bin Ahmed Al ZeyoudiUAE Minister of State Foreign Trade

“The adoption of advanced technologies is accelerating in various sectors, and it is important that international trade keeps pace with these