Page 295 - 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
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.
He said, "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, 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 Marcio 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,

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 per cent of global GDP and 75 per

cent of international trade. In 2023, non-oil trade between

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