Geneva, June 17, 2022 (WAM)-Minister of Economy Abdullah bin Tuk al-Mali joins the World Intellectual Property Organization (WIPO), United Nations Conference on Trade and Development (UNCTAD), and senior officials of the world economy. We held an international conference. Bystander of the UAE’s participation in the Forum (WEF), the WTO’s 12th Ministerial Conference (MC12) recently held in Geneva, Switzerland.

Bin Touq held a meeting with WIPO Secretary Daren Tang. Rebeca Grynspan, Secretary-General of UNCTAD. And Saadia Zahidi, managing director of the WEF.

During the meeting, Minister Al Marie presented the outstanding features of the UAE’s new economic model, plans for the next phase under 50 projects, various development strategies, national initiatives and programs recently launched by the UAE government. , And the UAE’s trade and investment agenda for the next stage.

In a meeting between Bin Touq and the Secretary of WIPO, the UAE said it attaches great importance to the development of intellectual property (IP) systems and the encouragement of innovators and creators. The country has made great strides in this regard by developing legislative structures in this important sector, building innovation capabilities and promulgating a number of laws that will help promote the entrepreneurial spirit of technology and creativity. rice field.

He repeated UAE’s continued support for this sector. It has a direct impact on the growth of the creative economy and represents an integral part of the country’s vision for the future.

Next, Tang praised the UAE’s efforts in the area of ​​IP. The country is ranked 33rd in the Global Innovation Index and 1st among Arab countries. He also welcomed the idea of ​​strengthening the joint cooperation mechanism to advance the local intellectual property system.

Bin Touq also discussed with UNCTAD’s Secretary-General the current state of the global economy and its impact on foreign direct investment trends and emerging market growth prospects. Both sides also exchanged views on the progress of the WTO Ministerial Meeting agenda and many regional and international issues.

The Minister of Economy thanked Grinspan for attending the Invest Pier Summit in Dubai on March 28th. The two sides then discussed cooperation on trade, development and investment issues and agreed to establish a joint action team with UNCTAD. Cooperate in common areas and programs related to trade facilitation and development with a range of target countries.

Bin Touq is currently focused not only on attracting talent and skills to help the UAE’s future vision, but also in the light of new initiatives and recent legislative changes that increase market openness to foreign investment. We reviewed the changes in the business environment of.

Grinspan emphasized that the UAE is a major regional investment destination and has the ability and potential to make foreign investment more attractive.

At a ministerial meeting with the Managing Director of the WEF in the United Arab Emirates, both sides discussed the progress of the joint initiative. The conference also addressed global economic development, opportunities and challenges at the regional and international levels, and how to further strengthen regional partnerships that help future directions and support sustainable development goals.

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