Page 268 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 2:16 PM Home | Emirates News Agency

During the meeting, which will shape the outcomes of the G20 Leaders’ Summit in November 2024, Al
Zeyoudi addressed two key sessions regarding the global trading system: the first on WTO reform and the

need to strengthen the multilateral trading system; the second on trade’s role in sustainable development and

investment. The UAE delegation included Juma Al Kait, Assistant Undersecretary for International Trade
Affairs at the Ministry of Economy, who led the UAE’s participation in the fourth and final G20 Trade and

Investment Working Group meeting, and Saleh Ahmad AlSuwaidi, Ambassador of the United Arab Emirates to
Brazil.

In his ministerial interventions, Al Zeyoudi stated that the decisions taken during the 13th Ministerial
Conference of the World Trade Organization (MC13) in February 2024, which culminated in the Abu Dhabi

Declaration, represented an important step forward in key areas such as dispute resolution and must now be

implemented. He called on the G20 to reaffirm its commitment to open, rules-based trade as a driver of
growth and prosperity and to push back against protectionism, which will not only stifle global growth but

hinder progress towards achieving the United Nations’ Sustainable Development Goals.

Al Zeyoudi also encouraged G20 members to leverage technology to promote greener, more efficient trade

practices, which can make an important contribution to the challenges of both climate change and supply-
chain disruption. He welcomed the publication of the “G20 Compendium of Best Practices to Increase

Women’s Participation in International Trade,” noting that women-run SMEs are central to the economies of

emerging markets and need equitable access to international markets.
Al Zeyoudi said the Ministerial Meeting was an opportunity for the UAE to advocate for trade as a vital bridge

between nations and a driver of productivity and innovation, “The G20 Trade and Investment Ministerial
Meeting is an important platform for addressing the issues impacting global trade, and for shaping the

solutions that will ensure every nation is able to access and benefit from supply chains. The UAE will continue

to use such meetings to champion multilateralism and align with our partners across the world to ensure trade
remains able to deliver long-term, sustainable growth for every nation. We all agree on the need for key

reforms to the WTO and strengthening issues such as dispute resolution. What we need now is a coordinated

action plan to turn proclamations into policies and programs at regional and international levels.”

During his visit to Brasilia, he held a bilateral meeting with Gan Kim Yong, Deputy Prime Minister and Minister

for Trade and Industry for Singapore, in addition to a number of nations who are part of the UAE’s
Comprehensive Economic Partnership Agreement program. These included talks with Todd McClay, Minister

of Trade for New Zealand, Inkyo Cheong, Minister of Trade for the Republic of South Korea, Shri Jitin

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