TradeTech Global

Catalyzing trade technology deployment

New Report: Artificial Intelligence for Efficiency, Sustainability and Inclusivity in TradeTech

This report illustrates the transformative role of artificial intelligence (AI) in global trade by presenting current applications of AI across trade processes, including supply chains, logistics, trade finance, and customs and compliance.

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UAE partners with the Forum to support TradeTech initiative


The World Economic Forum (WEF) and the United Arab Emirates (UAE) have joined forces by signing a Memorandum of Understanding (MoU) to launch a groundbreaking three-year TradeTech project. This ambitious initiative strives to revolutionize global trade by leveraging cutting-edge technologies, streamlining trade processes, and fostering a more efficient, inclusive, and equitable trading ecosystem.

The TradeTech project will kick off with an initial phase that will unfold over a three-year period.

The Challenge

Technology is reshaping trade flows faster than policies can adapt. Disruptions from emerging technologies such as blockchain, Artificial Intelligence (AI), 3D printing, and the Internet of Things (loT) will accelerate in the coming decades.

With the Fourth Industrial Revolution (4IR), international trade needs to be more efficient, inclusive, and equal, so MSMEs and developing countries can benefit from innovations equally as multinational companies and developed nations do.

The Opportunity

With the rise of 4IR technologies, the means to facilitate international trade are growing too. Digitalization and advanced technologies have the potential to significantly reduce processing times and the cost of cross-border movements of goods, and further facilitate trade in services. The collaboration between the UAE and the Forum will deliver four key components:

Forum

A global forum to gather trade, industry, and technology leaders to share best practices.

Report

An annual research report on the TradeTech landscape, real-life applications, and emerging trends.

Sandbox

A regulatory sandbox for companies and startups to experiment with TradeTech innovations.

Accelerator

An incubator for promising startups in the TradeTech space.

TradeTech GlobalPart of  Centre for Regions, Trade and Geopolitics
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