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The communique underscored BRICS’ commitment to multilateralism and collaboration in
addressing global trade challenges.
The ministers, who represented Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and
the UAE, also agreed to establish an informal consultative framework to advance a global dialogue
on the WTO and WTO-related issues.

The ministers affirmed the importance of the integration of digital technologies in global trade and
the promotion of smart solutions like e-certification and electronic bills of lading.
The communique also underscored how investment and collaboration are key toward the
enhancement of intra- BRICS global value chains (GVCs), in addition to advancing the potential of
BRICS members’ special economic zones, both of which would help to increase competitiveness in
new industries, for example in renewable energy.

Dr. Al Zeyoudi welcomed the Joint Communique as an important step in affirming the impact of
trade on economic development and growth. “The UAE continues to be a strong advocate for open,
rules-based trade, and we will always seek to work with nations and networks that enable us to
facilitate the movement of goods, services and capital around the world. The BRICS is an exciting
and agile community of like-minded countries, and the 14th Trade Ministers Meeting underlined a
collective vision for growth, one based on collaboration and innovation. By building on long-
established trade frameworks, we believe we can open up new means of exchange that meet the
needs of today’s economy. The declarations on e-commerce, which will increase trade between
member nations and enhance consumer confidence, are a clear example of our unity of purpose
that can set a global example,” said he at the BRICS group.
Dr. Al Zeyoudi emphasised that the UAE, as a BRICS member, is committed to enhancing economic
cooperation and partnerships with fellow member states. This effort aims to strengthen the UAE’s
position as a major global hub and multilateral partner, while also diversifying strategic alliances.
Joining BRICS aligns with the UAE’s priority of fostering economic prosperity and maintaining
balanced strategic and economic relations, including collaboration with international
organisations, in our ever-evolving global landscape.
In addition to the Joint Communique, the 14th Trade Ministers Meeting adopted a BRICS
Cooperation Framework on Special Economic Zones, an agreement aimed at harnessing the
potential of Special Economic Zones (SEZs) in BRICS countries and utilising them as established
mechanisms to enhance trade and industrial cooperation.

The meeting has proposed the establishment of a forum for cooperation on SEZs in member
countries to enhance cooperation.
The Ministers Meeting in Moscow is one of the key events in the build-up to the BRICS Summit,
which takes place in Kazan, Russia in October 2024.

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