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10/29/24, 2:18 PM UAE promotes open, inclusive trade at G20 Trade, Investment Ministerial Meeting in Brazil – Emirates News
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 progr

ams 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 Prasada, Honorable Minister of State, Commerce and Industry of India,

George Mina, Deputy Secretary in the Department of Foreign Affairs and Trade for Australia.

He also met Márcio Elias Rosa, Deputy Minister of the Ministry of Development, Industry, Commerce

and Services of Brazil, and other G20 member blocs, including Valdis Dombrovskis, Executive Vice-
President and Trade Commissioner for the EU, and several of its member nations, including Diana

Elena Mondino, Minister of Foreign Affairs, International Trade and Worship for Argentina; Jonathan
Reynolds, S

ecretary of State for Business and Trade for the United Kingdom; Helene Budliger, State Secretariat
for Economic Affairs (SECO) for Switzerland; and Wang Shouwen, China International Trade

Representative and Vice Minister of Commerce.

The G20 membership collectively accounts for 85 percent of global GDP and 75 percent of

international trade. In 2023, non-oil trade between the UAE and G20 members surpassed US$393.2

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