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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.

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
13 Ministerial Conference (MC13) of the WTO, which was held in Abu Dhabi in February, 2024, and
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expressed hope that consensus could be found at MC14 in Cameroon next year.

His Excellency Juma Al Kait said: “The United Arab Emirates believes that trade is the main driver of
sustainable economic development, positively impacting investment, industrialization, job
creation and innovation.

"It is incumbent on us to ensure the global trading system is inclusive and accessible – especially
as we confront a rapidly evolving trading landscape.

"The G20’s trade priorities for 2025 are fully aligned with our own foreign trade agenda, and the
Ministry of Economy and the Ministry of Investment will continue to actively contribute to this year’s
TIWG sessions to ensure the benefits of trade are shared equally and equitably.”

The Trade and Investment Working Group, which was held virtually between March 18-20, was the
first to be convened under South Africa’s presidency of the G20.

There will be three further Working Group meetings before the Ministerial Meeting on October 10 in
Gqeberha, South Africa. The G20 Presential Meeting will take place in Johannesburg in November.

https://www.transportandlogisticsme.com/global-news/supply-chain-accessibility-is-key-to-
economic-growth