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3/28/25, 2:42 PM UAE says supply-chain accessibility is key to economic growth during G20 Trade and Investment working group

UAE says supply-chain accessibility is key to

economic growth during G20 Trade and

Investment working group

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2025-03-24 07:22:35

(MENAFN- Orient Planet Group) Abu Dhabi – March 24, 2025: The UAE has reaffirmed its
commitment to supporting an open, rules-based trading system that promotes sustainable
economic development, employment, industrialization, and shared prosperity during a
meeting of the G20 Trade and Investment Working Group. Participating in the session as
a specially invited guest of South Africa, who holds the G20 presidency for 2025, the UAE
delegation also expressed its support for the integration of developing economies into
global supply chains, the importance of achieving a just green transition and the ongoing
reform of the World Trade Organization (WTO) as a means of upholding a free, fair, and
inclusive multilateral trading system.
The UAE delegation was headed by His Excellency Juma Al Kait, Assistant
Undersecretary for International Trade Affairs at the Ministry of Economy, and included
representatives of the Ministry of the Economy and the Ministry of Investment. In his
remarks to the working group, HE Juma Al Kait said the UAE trade agenda is closely
aligned with the priorities of South Africa’s presidency, in particular the structural
transformation of the African continent and the development of African Continental Free
Trade Area. The UAE, he said, has now concluded Comprehensive Economic Partnership
Agreements with five African nations – Kenya, Central African Republic, Congo-
Brazzaville, Morocco and Mauritius – and has opened discussions with many more to
expand the benefits of free trade and boost investment in key sectors.
His Excellency Al Kait also underlined the UAE’s investment into regional value chains,
citing the UAE’s Africa Economic Corridor Strategy, which aims to increase trade by
supporting the development of new logistics hubs across Sub-Saharan Africa, and the
contribution of Abu Dhabi Ports and DP World to the development of integrated logistics
solutions for African businesses. This is in addition to the UAE’s support for green
industrialization, which is another core focus of South Africa’s G20 presidency. His
Excellency noted the UAE’s significant investments in renewable energy ventures, with
commitments of more than US$16.8 billion across 70 countries, the majority of them in the
developing world.

In the final session, the UAE highlighted the importance of ensuring the WTO is able to
fulfil its mandate as the custodian of the global trading system, especially in its ability to
address economic asymmetries. He noted the unprecedented progress made on the
areas of agriculture and fisheries at the 13th Ministerial Conference (MC13) of the WTO,
which was held in Abu Dhabi in February, 2024, and expressed hope that consensus
could be found at MC14 in Cameroon next year.

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