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TradeTech: the trillion dollar promise that could unlock smoother global trade

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Technology is revolutionizing global commerce and investment, and digitalizing the trade ecosystem holds the potential to increase trade by nearly $9 trillion by 2026 within the G7 alone.

On the eve of the World Trade Organisation's 13th Ministerial Conference (26-29 February, 2024) in Abu Dhabi, we speak to the event's host, UAE Minister of State for Trade Thani Ahmed Al Zeyoudi about MC13 and the TradeTech initiative that the UAE is pursuing with the World Economic Forum.

We also hear from WTO Director-General Ngozi Okonjo-Iweala on her hopes for MC13, and from Vincent Clerc, Chief Executive Officer, A.P. Møller-Maersk, with his views on trade tech.

Read more about the TradeTech initiative: https://www.tradetechglobal.org/home

and the TradeTech Forum, 27 February, 2024: https://www.tradetechglobal.org/tradetechforum24

The WTO's 13th Ministerial Conference, 26-29 February, 2024: MC13

Watch this session from Davos 2024: TradeTech's Trillion-Dollar Promise

Watch Ngozi Okonjo-Iweala and Thani Ahmed Al Zeyoudi at this Davos Press Conference: Transformation of Global Trade

Catch up on all the action from Davos at wef.ch/wef24 and across social media using the hashtag #WEF24.

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Podcast transcript


Trade and Investment

Despite geopolitical tensions, monetary policy tightening, and increasing debt levels, the World Trade Organization projects that global merchandise trade volume will increase by 1.7% in 2023 - and by 3.2% in 2024. Global trade and investment had already been in flux prior to the pandemic and the outbreak of war in Europe, as major initiatives were either formed or renegotiated. The very legitimacy of the current global trading system, with the WTO at its core, has been in focus - as policy-makers try to respond to mounting challenges and general upheaval.This briefing is based on the views of a wide range of experts from the World Economic Forum’s Expert Network and is curated ...

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Trade and InvestmentEmerging Technologies

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