Page 277 - MOE ENGLISH PR REPORT - OCTOBER 2024
P. 277

10/29/24, 2:17 PM                 UAE promotes open, inclusive trade at G20 Trade, Investment Ministerial Meeting in Brazil
        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.



                                                         ADVERTISING

































        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


      https://www.zawya.com/en/economy/gcc/uae-promotes-open-inclusive-trade-at-g20-trade-investment-ministerial-meeting-in-brazil-nhe5gsj9  2/4
   272   273   274   275   276   277   278   279   280   281   282