How global trade will be remapped in the 2020s

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Business Extra

Business


Rising protectionism and technology are changing the shape of trade. To capitalise on emerging dynamics, unprecedented global cooperation is needed - with the UAE a critical hub. Co-hosts Kelsey Warner and Mustafa Alrawi are joined this week by Feryal Ahmadi, chief operating officer of Dubai’s trade free zone at the Dubai Multi Commodities Centre. Ms Ahmadi maps out the scenarios for how trade will develop in the 2020s based on DMCC’s research and interviews with experts across eight key trade hubs including Dubai, Houston, Shenzhen, Silicon Valley and Zurich. DMCC, which oversees the trading of commodities from pulses to diamonds, has 17,500 member companies in its free zone. In this episode: DMCC and the future of trade (0m 40s) UAE's opportunities in international trade (3m 41s) Recommendations for businesses and governments (9m 38s) Read more on our website: • DMCC extends support package to help businesses deal with economic impact of Covid-19 • DMCC slashes set-up costs by 50% for diamond companies • UAE has rolled out Dh388bn in economic support since pandemic began • Sail of the century: Sweden to build world’s largest wind-powered ship • EU seeks to forge improved relations with US under President Joe Biden