UAE’s Sustainable Trade Forum engages the private-sector to deliver trade-led solutions at COP28

By : Nata Kesuma | Wednesday, December 06 2023 - 20:07 IWST

UAE’s Sustainable Trade Forum engages the private-sector to deliver trade-led solutions at COP28
UAE’s Sustainable Trade Forum engages the private-sector to deliver trade-led solutions at COP28 - Abu Dhabi, United Arab Emirates - The Ministry of Economy, in partnership with global fintech company and leading Vietnamese electric vehicle producer VinFast, has hosted the Sustainable Trade Forum at COP28 in Dubai’s Expo City. A key component of the first ever Trade Day at a Conference of the Parties, the forum brought together global business and investment leaders to offer private-sector perspectives on global trade and its role in shaping a more climate-friendly economy.

The Forum was opened by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, who underlined the importance of trade to the global climate-change conversation and the role of the private sector in delivering the solutions capable of making a meaningful, long-term impact. The sessions included ‘Strengthening Sustainable Supply Chain Resilience: Navigating Global Disruption’ and ‘Fostering Green Entrepreneurship: Nurturing a Sustainability-led Startup Ecosystem, and featured expert insights from across the logistics, mobility, utilities and food sectors.

HE Al Zeyoudi said: “While policymakers and politicians can set the framework, it is the business owners, industrialists and entrepreneurs who will be needed to bring real, scalable solutions to market. By bridging the gap between policy-makers and private sector leaders, the Sustainability Trade Forum marks a critical step forward in delivering a trading system that is cleaner, smarter, faster – and one that ultimately moves us closer to the goals of the Paris Accords.”

His Excellency added that as the UAE builds toward the World Trade Organization’s 13th Ministerial Conference (MC13), which will take place in Abu Dhabi in February 2024, the Sustainable Trade Forum offered an important platform for building consensus on how to shape a modern global trading system that is open, inclusive and equitable, and provides nations with the means to deliver on their climate goals.

During the panel discussions, Le Thi Thu Thuy, Global CEO of Vinfast highlighted how electrified mobility can play a leading role in building sustainable supply chains. She said: “Of course, by replacing traditional combustion-engine vehicles, EVs reduce greenhouse gas emissions, but they also promote energy efficiency and the use of renewable energy sources. As we look to the future, the integration of EVs into global value chains offers a powerful strategy in our transition to a more sustainable and resilient economy."

For his part, Kypros Zoumidou, Group CEO of said: “Committing to a sustainability-led startup framework depends on the willingness of entrepreneurs to embark on projects early in their lifecycle. But acceleration and success will only be possible with the support of investors and robust ecosystems. As a disruptive technology company, we recognise how smart partnerships between government and business can really drive progress.”

In addition to Vinfast and CEOs, the Forum was addressed by representatives of the Scottish Government; NYU Abu Dhabi; Ducab Group; Uber; Al Dahra Group; IBM Consulting; ADNOC; General Electric; Princeville Capital; Orbillion Bio, Inc.; Wamda Group; and Change Foods

News Comment

Today's Industry

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.

The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).

Kamis, 11 Juli 2024 - 19:03 WIB

BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure

Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…

 Financial Literacy

Rabu, 26 Juni 2024 - 22:47 WIB

The Importance of Financial Literacy

Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.

Unveiling New Opportunities

Rabu, 26 Juni 2024 - 14:52 WIB

Unveiling New Opportunities

As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.

AI Technology

Senin, 24 Juni 2024 - 20:07 WIB

The Best AI of 2024: A Comprehensive Guide

Artificial Intelligence (AI) is rapidly changing the world, and 2024 is shaping up to be a year of significant advancements in the field.