As the catalyst of Abu Dhabi’s economic growth and diversification, ADDED is doubling down its efforts in raising the Emirate’s trade stature to new heights, elevating its competitive edge as a global trade and investment hub. “The UAE sees climate-change mitigation as a major catalyst for the sustainable socio-economic development, underpinned by a smart and circular economic strategy that encourages inclusive flow of trade, supply-chain efficiency, and trade tech, creating new opportunities for exporters, manufacturers and investors between all four nexuses of the world. The inclusion of trade in the COP28 thematic programme is a deliberate and targeted effort to bring more stakeholders on board in our effort to fast-track climate action.”Īhmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), believes the inclusion of trade at COP28 reaffirms the UAE’s unwavering commitment in shaping the future of global trade to achieve the sustainable development goals. It has the potential to unlock investments in emerging economies, to boost uptake of clean energy technologies, and to support green jobs and innovation. International trade, as a cornerstone of economic growth, jobs, and livelihoods, is an essential tool in accelerating climate action. As the only international organization dealing with the rules of trade between economies, we want to mobilize world leaders to unite in using trade policy and trade facilitation to scale up trade in environmental goods and services and to accelerate decarbonizing supply chains and making them more inclusive and more resilient to climate shocks.”ĭr Sultan Al Jaber, COP28 President Designate, further elaborated on the importance of this initiative, saying: “From the outset we have been clear that COP28 is focused on transformational change that cuts across sectors and societies. “Trade has too often been the missing link when responding to the climate crisis, but for this year's COP28, the UAE Presidency is ensuring trade is part of the agenda. WTO’s Director General, Dr Ngozi Okonjo-Iweala, noted that trade ought to be an essential element in any climate-change conversation. From the development and deployment of new technology to building consensus for integration into global supply chains, the UAE welcomes the chance to lead this essential transformation of trade.” We are excited that COP28 will showcase the opportunities in the sector for future-focused thinking that can deliver a trading system that is smarter, faster and more inclusive – especially for SMEs and MSMEs across the developing world. “As a global supply chain hub, the UAE understands how significant a role the international trading community can play in championing energy transition and delivering sustainable growth across the world. It also seeks to ensure open, equitable access to global supply chains, which will support small- and micro-enterprise growth around the world, especially in the global south.ĭr Thani Al Zeyoudi said the inclusion of trade at COP28 demonstrates the UAE’s commitment to delivering actionable, real-world solutions. This alliance, a first in the context of a United Nations Climate Conference, was created to promote the use of trade and investment instruments to deliver climate change mitigation and adaptation solutions. The United Nations Conference on Trade and Development (UNCTAD), the International Chamber of Commerce (ICC), the World Economic Forum (the Forum) and the Abu Dhabi Department of Economic Development (ADDED) have also all been invited to help shape discussions on trade during the COP28 Presidency Program. This was then confirmed in a letter from Dr Sultan Al Jaber, COP28 President Designate late last week.ĭr Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, and the COP28 Presidency will co-lead the committee on trade for COP28 alongside the WTO Secretariat. The UAE mission to the World Trade Organisation (WTO) made the announcement at the Committee on Trade and Environment, stating that trade will be subject to a dedicated day under the UAE’s COP28 Presidency Thematic Program – in particular its role as an enabler of climate-smart growth, including supply-chain resilience. International trade is to be featured at the United Nations Climate Conference (COP28) for the first time when it convenes in the UAE in November and December.
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