Page 300 - 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 - www.lokmattimes.com
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 the UAE and G20 members

surpassed US$393.2 billion, a 54 per cent increase compared to 2019, further

underscoring the UAE's growing role as a global trade hub and key partner for economic
collaboration. (ANI/WAM)

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