Page 472 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

initiatives that have further expanded the UAE’s relations with its largest trading and investment
partner in South America.

With non-oil bilateral trade between the UAE and Brazil reaching US$5.4 billion in 2024 - a notable
23 percent increase from the previous year - the two nations are poised to enhance their
collaboration across various sectors, including energy, infrastructure, and technology.

Al Kait said the BRICS trade partnership ensure that we can successfully work together to find
solutions and is a clear demonstration of the importance of global trade multilateralism.

He added, “The UAE is dedicated to fostering trade and economic collaboration among BRICS and
internationally. We view our role as a bridge between East and West and the Global South,
facilitating dialogue and partnerships that drive sustainable economic development and growth.”

The UAE's strategic engagement with BRICS reflects its broader commitment to global economic
cooperation and diplomacy. By actively participating in the dialogue, the UAE is reinforcing its
position as a key economic and diplomatic leader, championing inclusive development and
addressing the challenges of a rapidly changing world.

As the UAE continues to strengthen its partnerships within BRICS, it remains focused on advancing
joint initiatives that align with the bloc’s shared vision of fostering global economic inclusivity and
resilience.

The BRICS Trade Ministers’ Meeting is an annual event that coincides with the BRCS summit and
represents an important platform to strengthen ties, coordinate efforts and to foster trade and
economic initiatives.

BRICS comprises Brazil, Russia, India, China, South Africa, (original members) and has expanded in
recent years to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.

Collectively, the BRICS nations represent a significant portion of the global economy, accounting
for approximately 40 percent of the world's population and around 25 percent of global GDP. The
UAE became a member of BRICS in 2024, reflecting its strategic focus on expanding diplomatic and
economic ties with markets throughout the world to further enhance its role in driving global
economic growth and prosperity.

https://www.onearabia.me/local/uae-delegation-attends-15th-brics-trade-ministers-meeting-
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