UAE News Today : Politics

Ministry of Economy will host the Sustainable Trade Forum at COP28

The Ministry of Economy will organize a Sustainable Trade Forum on December 4, 2023, during the United Nations Climate Change Conference (COP28), at Expo City in Dubai.

The event has been designed to bring together private sector leaders to explore opportunities around sustainable and inclusive supply chains and the contribution the global business community can make towards a more agile and climate-friendly economy.

The Sustainable Trade Forum will be presented as part of COP28China’s International Trade Day, which marks the concept of “trade” for the first time, has been introduced as an official day at a COP meeting. Aiming to offer practical and action-oriented solutions, speakers from leading national and international companies and other expert stakeholders will explore sectors integral to the future of global trade and help confirm the UAE’s role as a champion of modernization of the trade before the thirteenth meeting of the World Trade Organization. Council of Ministers (MC13) in Abu Dhabi in February 2024.

Hosted in the Blue Zone at COP28, the forum comprises two sessions addressing critical issues. The first will cover “Strengthening Sustainable Supply Chain Resilience: Navigating Global Disruption,” and the second will address “Fostering Green Entrepreneurship: Fostering a Sustainability-Driven Startup Ecosystem.” The sessions will take place from 12:30 to 2:00 p.m. on December 4.

The forum is held with global financial technology firm Capital.com, one of the fastest growing investment and trading platforms in Europe and the leading Vietnamese electric car manufacturer. VinFast.

Dr Thani Al Zeyoudi saying,

“This is an opportunity to drive new understanding and share critical ideas about the intersection of business and commerce, but it is also designed to drive bold, real-world climate action. The sessions have been designed to explore the innovative innovations and strategies that will shape the future of sustainable and digitally enabled global trade, to inspire the global community to consider measures that can accelerate our transition to a climate-friendly economy, and “It also signals to the world that we are committed to forging a more sustainable and green business landscape.”

“Together with the official UNFCCC thematic activities, our TradeTech partnership with the WEF and our hosting of MC13 next year, this event can be a key part of the global drive to modernize and disrupt the global trading system.”

he added.

Viktor Prokopenya, founder of Capital.com, saying,

“This is a vital contribution to a critical debate. Trade is the lifeblood of the global economy, from transportation and complex physical supply chains to e-commerce. Technology has the power to drive rapid change and it is essential that we invest in the technologies needed to drive supply chain efficiency, speed up cross-border processes and reduce the impact of trade on climate change. “There is great scope to make a real impact here.”

Le Thi Thu Thuy, Global CEO of VinFastsaying,

As a leading and fast-growing manufacturer of innovative electric vehicles with an international presence, we look forward to engaging in critical debates about the future of the global trading system and providing our perspective on how to ensure that more inclusive, expansive and more markets are created. Most importantly, “There are sustainable supply chains that safeguard our long-term future and that of our planet.”

News source: Emirates News Agency

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