The Economic Integration Committee held its seventh meeting of 2024, chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy.
Attended by key officials, including Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Alia Abdullah Al Mazrouei, Minister of State for Entrepreneurship, the session focused on enhancing the national business environment and transitioning to a knowledge-based, innovation-driven economic model.
The Committee reviewed progress on economic legislation aimed at boosting the UAE’s global competitiveness. Key recommendations from previous meetings, particularly those on telemarketing regulations to protect consumer rights, were also discussed in line with the UAE Cabinet’s directives.
Minister Bin Touq highlighted the UAE’s global economic positioning, crediting flexible policies, advanced legislation, and leadership's guidance. These initiatives align with the "We the UAE 2031" vision to develop proactive regulations for emerging sectors and attract investments.
The Committee noted the Ministry of Economy’s exceptional 95.7% score in the Government Data Maturity Index, underscoring its commitment to data excellence. This achievement supports strategic decision-making, SME growth, and international economic relations.
Additionally, discussions centered on intellectual property rights for UAE products with geographical indications (GI). The initiative aims to protect Emirati producers globally, enhance the competitiveness of local products like dates and honey, and reinforce the UAE’s reputation as a hub for high-quality goods.
The Committee stressed the importance of strict adherence to IP standards and regulations to safeguard traditional industries, promote tourism, and preserve national heritage. These efforts aim to position the UAE as a global leader in innovation and sustainable economic development.
News Source: Emirates News Agency
