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10/29/24, 4:11 PM UAE seeks stronger ties with G20 nations as bilateral trade exceeds $196 billion
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE
delegation to the B20 Summit, a gathering of approximately 1,000 high-level business
representatives from the G20 member nations, in Sao Paulo, Brazil. The summit took place
on October 24-25 under the theme “Inclusive Growth for a Sustainable Future”.
The UAE delegation to both the B20 Summit and the UAE-Global Business Forum included
representatives from diverse sectors including education and research, innovation and
technology, health services, trade and investment, energy, agriculture and food security,
tourism, industry, ports and logistics, aviation, finance, defense and sports.
The summit provided a platform for the private sector to engage in discussions on
sustainable business practices, the efficiency of global trade, and the importance of
inclusivity, particularly for women-owned businesses. Participants at the B20 Summit will
present their recommendations to G20 leaders during their summit in Rio de Janeiro in
November.
Read: UAE-Brazil Business Council launches in Sao Paulo to boost growing trade,
investment ties
Enabling stronger public-private partnerships
The UAE participated in the B20 Summit as a guest of Brazil during its presidency of the
G20, which is a reflection of the UAE’s growing influence in global trade and investment.
Al Zeyoudi, who addressed the meeting, highlighted how the private sector, through their
innovation and energy, can drive a new future for global trade, particularly through the
development of new technologies that can deliver greater efficiency and transparency.
“The B20 Summit is a vital platform to strengthen collaboration between the public and
private sectors. It is important that policymakers listen to the expertise and insights from
those who utilize global supply chains day in, day out to ensure they remain the enablers of
growth and not barriers to it,” Al Zeyoudi stated.
As a consistent advocate for the benefits of open, rules-based trade, Al Zeyoudi reiterated
the UAE’s commitment to contributing to a trading system that is more efficient, accessible
and resilient.
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