Page 257 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 2:36 PM UAE building productive relations with G20 member nations
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% 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% increase compared to 2022.

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