The Future of Trade

The video discusses the future of trade under the Biden administration, focusing on US-China relations and the impact of geopolitical tensions. It highlights the role of technology and digitization in boosting trade growth, especially post-COVID-19. The video also explores Dubai's significant position in the gold and diamond markets, addressing regulatory challenges and new international relations, such as the Israel-UAE peace accord.

What is the expected change in US-China relations under the Biden administration?

• Strengthening of multilateral agreements

• A complete overhaul of policies

• Immediate resolution of tensions

• No change in policies, but a change in tone

What is one of the main drivers for trade growth in the next decade?

• Application of technology

• Reduction in global trade

• Increased tariffs

• Decrease in digital services

How much is the potential increase in goods trade due to technology in the next decade?

• $5.5 trillion

• $4.7 trillion

• $3.5 trillion

• $2 trillion

What percentage of the UAE's non-oil trade was comprised of gold trade in the first half of 2020?

• 18.2%

• 15.7%

• 12.3%

• 10.5%

Which organization has threatened to blacklist the UAE over gold trade standards?

• United Nations

• International Monetary Fund

• London Bullion Market Association

• World Trade Organization

What was the impact of the Israel-UAE peace accord on the diamond industry?

• Opened more bilateral opportunities

• Decreased trade opportunities

• Increased tariffs on diamonds

• Closure of diamond exchanges

What is the UAE's rank in the global diamond market?

• Second

• Third

• Fourth

• First