UAE backs new global alliance for open and fair trade

The UAE has joined thirteen other countries in a joint declaration to establish an international alliance to promote open and fair trade.

The initiative called the Future of Investment and Trade Partnership, or FIT Partnership, aims to tackle emerging global trade challenges and boost foreign investment flows.

Other founding members include Singapore, Switzerland, Norway, New Zealand, Chile, Brunei, Costa Rica, Iceland, Liechtenstein, Morocco, Panama, Rwanda and Uruguay.

The FIT Partnership hopes to offer a united voice in defending the rules-based trading system. It brings together small and medium-sized countries that rely on global trade to support economic growth and stability.

Together, they plan to strengthen supply chains, remove trade barriers, and harness new technologies — all through a flexible, non-binding framework.

The partnership focuses on real-world impact, and as it grows, it will remain open to other countries that share its vision for a more connected and resilient global economy.

The Ministry of Foreign Trade will be leading the UAE's efforts within this initiative, representing the country in future meetings and discussions.