WAM
09 Mar 2025, 15:12 GMT+10
ABU DHABI, 9th March, 2025 (WAM) -- The UAE's Comprehensive Economic Partnership Agreements (CEPAs) with countries worldwide are paving the way for Emirati companies to play a pivotal role in digital trade and shape the future of this sector.
As part of its commitment to a future-ready economy, the UAE has successfully integrated advanced technologies across its key industries, reinforcing its leadership in setting global standards for digital commerce. The country continues to harness emerging technologies to enhance international trade efficiency, including the expansion of artificial intelligence (AI) and blockchain-powered customs clearance.
The UAE's CEPAs extend beyond conventional trade, incorporating dedicated provisions on services, with a strong emphasis on digital trade.
In statements to the Emirates News Agency (WAM), Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE is among the fastest-growing nations in digital trade. The country's total digital services exports reached US$47.91 billion in 2023, reflecting a 5% growth compared to 2022. Notably, over 63% of global services exports are now delivered digitally, spanning key sectors such as fintech, insurance, consulting, and software development.
Dr. Al Zeyoudi emphasised that AI is no longer just an enabler but the foundation of next-generation trade systems, revolutionising how goods and services move globally. He drew attention to the fact that nations adopting AI-driven trade policies and digital trade agreements will lead the global economy in the coming decade.
The UAE's CEPAs provide Emirati businesses with opportunities to innovate, expand, and compete internationally. Each agreement includes a dedicated chapter on intellectual property rights (IPRs), ensuring robust protection for innovators, brands, and content creators entering new markets. This gives UAE businesses of all sizes the confidence to expand globally while safeguarding their intellectual property.
UAE-developed technologies, brands, and creative content are now legally protected in partner countries under these agreements. Patents and trademarks are recognised faster, and Emirati businesses enjoy the same legal protections as local companies, allowing them to license, sell, and scale their innovations with confidence.
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationSACRAMENTO, California: Starting July 1, California state employees will be required to work in person at least four days a week under...
FRANKFURT, Germany: Germany is set to loosen its strict debt limits in a historic shift that could unlock over 1 trillion euros ($1.08...
NEW YORK CITY, New York: TKO Group, the parent company of UFC and WWE, is launching a new boxing promotion in partnership with Saudi...
NEW YORK CITY, New York: The company that makes Reynolds Wrap aluminum foil is facing a lawsuit for allegedly misleading consumers...
PONTEDERA, Italy: Italy's Piaggio, the maker of the iconic Vespa scooter, reported record-high core profit margins for 2024 despite...
NEW YORK, New York - U.S. stocks fell sharply at the open and stayed in the red for much of the day Friday, however as the day wore...
Last Sunday, the Israeli-Palestinian co-production No Other Land was awarded an Academy Award for best documentary. The Oscar – a first...
CAIRO, Egypt - UN Secretary-General Antonio Guterres has warned of the 'alarming situation' unfolding in the West Bank, and says the...
TEHRAN, IRAN — The navies of Iran, Russia and China will hold military drills off the coast of Iran this week in a bid to boost cooperation,...
RFE/RL's Live Briefinggives you all of the latest developments on Russia's full-scale invasion of Ukraine, Western military aid to...
DAMASCUS, SYRIA — Syrian President Ahmed al-Sharaa called for national unity and peace on Sunday, after more than 1,000 people were...
ABU DHABI, 9th March, 2025 (WAM) -- The UAE's Comprehensive Economic Partnership Agreements (CEPAs) with countries worldwide are paving...