The UAE’s Comprehensive Economic Partnership Agreements (CEPAs) with global partners position Emirati companies at the forefront of digital trade, shaping the industry’s future.
Driving its vision for a future-ready economy, the UAE integrates advanced technologies across key sectors, reinforcing its leadership in digital commerce. AI and blockchain-powered customs clearance streamline international trade, making transactions faster and more secure.
CEPAs go beyond traditional trade, introducing dedicated provisions for services with a sharp focus on digital trade.
UAE Strengthens Digital Trade with USD 47.91B in Exports
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted the UAE’s rapid growth in digital trade. The country’s digital services exports hit USD 47.91B in 2023, reflecting a 5% rise from 2022. Today, digital channels facilitate over 63% of global services exports, covering fintech, insurance, consulting, and software development.
Dr Al Zeyoudi stressed AI’s role as the backbone of next-generation trade systems, transforming how goods and services move across borders. He pointed out that nations prioritising AI-driven trade policies and digital agreements will lead the global economy in the next decade.
CEPAs create new opportunities for Emirati businesses to innovate, expand, and compete internationally. Each agreement includes a dedicated chapter on intellectual property rights (IPRs), ensuring strong protection for innovators, brands, and content creators entering new markets.
UAE-developed technologies, brands, and creative content gain legal protection in partner countries under these agreements. Patents and trademarks receive faster recognition, and Emirati businesses enjoy the same legal rights as local firms, enabling them to license, sell, and scale their innovations with confidence.
You can also visit: https://thefinanceworld.com/dubai-real-estate-surges-with-usd-4-7b-deals-usd-19m-office-sale/
