UAE flagThe UAE Ministry of Economy, through its Foreign Trade Policies Department, organised a technical workshop on the challenges facing foreign trade and investment.

The event highlighted the latest international development trends and raised awareness about the UAE’s commercial competitiveness in regional and international markets. Held at Conrad Hotel, Dubai, it brought together researchers, specialists and trainees from the local and federal government.

His Excellency Juma Al-Kait, Assistant Undersecretary for Foreign Trade, Ministry of Economy said: “The aim of the workshop was to spotlight challenges faced by the ministry and country at large in the foreign trade sector. Over the last two decades, globalisation has fast-tracked regional economic integration and foreign trade is one of the key aspects of this integration. Understanding foreign trade patterns, structures and their determinants is, therefore, important for policy and developmental reasons.

“The modem economic landscape is marked by open markets, cross-border trade and moving capital. There are so many rapid changes and inter-dependent variants that constantly lead to complex and connected economic scenarios. It is very important for us to recognise the challenges and convert them into opportunities.”

The workshop focused on specific issues such as climate change, population and currencies. It also discussed case studies and models to illustrate how to adapt to or contain developments such as currency fluctuations, oil price changes, technology improvements and evolving laws and regulations.

Rushika Bhatia Editor

Rushika Bhatia is one of the region’s leading commentators on business and current affairs issues. She is the Editor of SME Advisor magazine - the flagship title of CPI Business. She is passionate about infographics – with special emphasis on data, research and statistics. Rushika has a Bachelor’s Degree from Indiana University, USA and is also CIMA qualified.

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