The United Arab Emirates activates the new EcoMark global framework initiative
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The United Arab Emirates, hosts of the 13th WTO Ministerial Conference (MC13) of the World Trade Organization, have activated the new EcoMark Global Framework Initiative in association with the International Chamber of Commerce (ICC), and the Presidency of the 28th Conference of the Parties to the UNFCCC (COP28), which was hosted by the United Arab Emirates late last year.
Announced in MC13 by Abdelsalam Mohamed Al Ali, Minister Plenipotentiary, Representative of the United Arab Emirates to the World Trade Organization, he EcoMark Global Framework Initiative aims to establish globally structured, cost-effective and universally recognized standards for sustainable products. The initiative works by facilitating the establishment of trusted accreditation bodies in each country that will be empowered to assess and certify companies based on their green credentials and, in parallel, providing a set of tools for companies to meet the required criteria. By doing so, EcoMark is making global green accreditation accessible and affordable for MSMEs.
The COP Presidency and the ICC will actively support the promotion of ecobrand framework for global SMEs, encouraging greater adoption as a means to improve MSME participation in green trade. His role will expand to providing advice on the development of potential standards and strategies for engaging SMEs. Additionally, these supporters will explore the integration of EcoMark with existing and future initiatives aimed at making commerce greener and more inclusive for MSMEs.
He EcoMark Global Framework The initiative fills a critical emerging gap in the global trade architecture. The changing green commerce landscape presents new opportunities, with growing consumer demand for green products. However, MSMEs struggle to showcase their green credentials due to high costs and complex processes, keeping them on the sidelines of global green trade.
The new Framework Initiative will support governments in setting up accreditation bodies while providing direct training and capacity building to SMMEs to gain and demonstrate green credentials. This will allow them to reach new markets, find customers, and receive proper credit for their sustainable production practices.
Abdelsalam Mohamed Al Ali saying:
“The UAE saw the need for an inclusive and accessible green business framework designed for MSMEs to help them capitalize on the growing demand for sustainable products and adapt to the evolving business paradigm. The EcoMark framework represents a significant step towards a more sustainable and inclusive global economy.”
The activation of the initiative occurred on the margins of the World Trade Organization (WTO) XIII Ministerial Conference in Abu Dhabi. The WTO is made up of 166 members and is the only multilateral organization that oversees the rules of trade between nations, dedicated to enabling member states to use trade as a means to raise living standards, create jobs and improve the lives of people. people all over the world. The Ministerial Conference, its highest decision-making body, meets every two years.
News source: Emirates News Agency
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