Post by : Bianca Suleiman
The United Arab Emirates has reaffirmed its dedication to fostering an open and rule-based international trading system, emphasizing its pivotal role in sustainable growth and economic expansion worldwide. This commitment was highlighted during the first-ever ministerial meeting of the Future Trade and Investment Partnership (FIT Partnership) held in Singapore.
Inaugurated in September 2025, the FIT Partnership unites nations focused on equitable trade, inclusive development, and addressing contemporary trade obstacles. The inaugural meeting convened delegates from member countries including Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Morocco, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the UAE, and Uruguay, alongside newcomers Paraguay and Malaysia, elevating the partnership’s roster to 16 nations.
Additionally, observers from Australia, Canada, Indonesia, Thailand, and Peru participated, underscoring global attention towards the FIT framework and its initiatives.
Key Initiatives for Trade Resilience
During the summit, ministers introduced various initiatives to counter evolving trade challenges:
Supply Chain Resilience: A declaration by 13 member nations, including the UAE, Brunei, and Switzerland, aimed at pinpointing and alleviating significant supply-chain vulnerabilities for more prompt and coordinated reactions.
Digital and Paperless Trade: A workstream set to promote international benchmarks for digital trade documentation and enhance cross-border transactions.
Strengthening Rules-Based Trade: An emphasis on crafting viable solutions for modern trade dilemmas and investigating avenues for reform.
Technology for Trade SMEs: Efforts to assist small and medium-sized enterprises in embracing innovative trade technologies, allowing them to expand their solutions globally.
A Forward-Looking Partnership
The FIT Partnership aspires to amplify the perspectives of trade-dependent nations and create significant, real-world results while continually widening its membership to encompass countries invested in open trade principles.
At the Singapore meeting, UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, engaged in bilateral discussions with trade leaders and ministers from New Zealand, Costa Rica, Rwanda, Switzerland, and Panama, enhancing economic and trade relations.
Through these initiatives, the UAE establishes itself as a key player in promoting a global shift towards more inclusive, robust, and technologically advanced trading systems, showcasing its strategic role in shaping the future of international commerce.
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