South-South Trade: A Cornerstone of Global Commerce

Sep 8, 2026

79 min

Sep 8, 2026 12:31

South-South trade emerges as key pillar of new global trade system

## Emerging Trade Dynamics

South-South trade, valued at nearly $7 trillion annually, is becoming a central component of the global trading system. This was highlighted at the AIM Congress 2026 in Dubai, where Badr Jafar, a UAE envoy, emphasized the importance of alternative trade routes and partnerships amid recent global shipping disruptions.

## Building Resilience

Jafar noted that the UAE's resilience during these disruptions is due to long-term investments and existing partnerships. He stressed the need for governments and businesses to collaborate in creating a more robust global trade network. The UAE has rapidly signed around 40 economic partnership agreements, with half already active.

## The Role of Technology and Trust

While technology, including AI, plays a significant role in modern supply chains, Jafar highlighted that trust remains crucial. As trade becomes more digitized, the reliability of data and standards is essential.

## Philanthropy's Contribution

Jafar argued against the "winner takes all" mindset, suggesting that philanthropic capital is vital in developing trade infrastructure. He described philanthropy as patient and catalytic, helping to connect markets and communities.

## UAE's Strategic Approach

The UAE has focused on maintaining an open economy, even amid global challenges like oil shocks and financial crises. The country's non-oil foreign trade increased by 13% in the first half of 2026, underscoring its strategy of creating multiple trade gateways.

## AIM Congress 2026

The AIM Congress 2026, held from September 7 to 9 in Dubai, focused on reshaping global prosperity and exploring new investment pathways. The event gathered leaders from various sectors and countries, aiming to foster sustainable and inclusive growth.

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