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1、DECOUPLED AND RECONFIGURED202445IntroductionIntroductionThe Future of Trade 2024 is the fifth edition of DMCCs biennial flagship report.In a time of profound change,we delve into the power dynamics shaping the global trade landscape.New political and economic alliances are forming.Rising geopolitica

2、l tensions and conflicts are shifting trade networks and accelerating regionalisation.The United States and China are embroiled in a“chip war”as each fights for supremacy in the semi-conductor industry.Meanwhile generational changes namely the dawn of AI and drive for carbon net zero are redefining

3、the global trade landscape as the biggest redeployment of capital in history is deployed and business operations are transformed.This report examines the key themes impacting the future of trade,including geopolitics,sustainability,technology,and finance,and how these forces will reshape trade dynam

4、ics.We reflect on predictions made in our previous report,written as global commodities rebounded from their COVID-19 stasis,and examine how trade has evolved from a global crisis that continues to influence government policy and consumer behaviour.The last few years have shown how a succession of c

5、rises can disrupt the global economy.Against a backdrop of wars in Europe and the Middle East,macroeconomic challenges such as slowing growth and inflation,and ongoing trade tensions between the United States and China,the present situation paints a complicated picture for global trade.This year pro

6、mises further change.Just under half of the worlds population will go to the polls in some 80 elections that could shift domestic and foreign policies,driving economic nationalism and trade protectionism.The EU has entered the transitional phase of its carbon border mechanism,amid a global patchwork