Page 262 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 2:36 PM UAE building productive relations with G20 member nations

Sao Paulo [UAE], October 26 (ANI/WAM): Alongside the B20 meeting, the UAE hosted the UAE-Global
Business Forum, which was organised by the UAE Ministry of Economy in collaboration with the UAE
Embassy and Consulate in Brazil.

Attended by key business representatives from the G20 and guest nations participating in the B20 Summit, its
goal was to build productive relations between the UAE and leading multinational companies and to underline
UAE’s role as a global trade and investment hub that can provide an unrivalled gateway to markets across the
globe.

The forum included discussions on potential areas of collaboration to expand trade and investment
opportunities, including renewable energy, technology, and food security.

Representatives of UAE companies then held meetings with their G20 counterparts in which they explored new
trade avenues and investment opportunities that align with the UAE’s long-term goals for sustainable
development.

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 representations 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
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 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
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