Page 292 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 2:19 PM UAE promotes open, inclusive trade at G20 Trade, Investment Ministerial Meeting in Brazil
Secretary 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 billion, a 54 percent increase compared to 2019,

further underscoring the UAE's growing role as a global trade hub and key partner

for economic collaboration.

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