Page 294 - 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
The UAE was participating as an invited guest of Brazil during its G20 Presidency,

reflecting the UAE's growing influence on the global economy, particularly on trade
issues.

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.

https://www.aninews.in/news/world/others/uae-promotes-open-inclusive-trade-at-g20-trade-investment-ministerial-meeting-in-brazil20241025212333/ 2/4