Page 252 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 2:35 PM UAE hosts business forum with G20 member nations - ARN News Centre- Trending News, Sports News, Business News, Dubai N…
The summit took place on October 24-25 under the theme Inclusive Growth for a Sustainable Future, and 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 in terms of women-owned businesses. The recommendations by

participants at the B20 Summit will be presented to G20 leaders during their summit in Rio de Janeiro in November.

The UAE participated in the B20 Summit as an invited guest of Brazil during its presidency of the G20, which is a
reflection of the UAE’s growing influence in global trade and investment.

The UAE delegation included Saleh Ahmad AlSuwaidi, Ambassador of the United Arab Emirates to Brazil, Abdalla

Shaheen, the Consulate General of the UAE in Sao Paulo, and Juma Mohammed Al Kait, Assistant Undersecretary
for International Trade Affairs at the Ministry of Economy, alongside 30 senior government officials and business
leaders from various economic sectors underlining the UAE’s commitment to fostering international cooperation and
driving sustainable economic growth.

Dr. Thani 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 utilise global supply chains day in, day out to

ensure they remain the enablers of growth and not barriers to it. As a consistent advocate for the benefits of open,
rules-based trade, the United Arab Emirates is committed to contributing to a trading system that is more efficient,
more accessible and more resilient – and one that includes every nation and benefits every participant.”

The UAE delegation to both the G20 Business 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 UAE’s trade with G20 countries exceeded $196.1 billion in the first half of 2024, an increase of 4.1 per cent from
the previous year, representing over half of the UAE’s total non-oil trade. The UAE’s total non-oil trade with the G20

surpassed $393.2 billion in 2023, a 15.3 per cent increase compared to 2022.

https://www.arnnewscentre.ae/en/news/business/uae-hosts-business-forum-with-g20-member-nations/ 2/2