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7/29/24, 2:40 PM HE Dr Thani Al Zeyoudi joins BRICS trade ministers to call for greater cooperation - Middle East Business News and Information - …
Trade Ministers Meeting since its joining the group in August 2023.

His Excellency Dr. Thani signed a Joint Communique with the participating ministers to reaffirm
the commitment to comprehensive cooperation among member countries in several key areas
of common interest, including strengthening their cooperation in the multilateral trading

system, supporting Joint value chains; facilitating agricultural trade; promoting special
economic zones as engines of cooperation, fostering e-commerce while protecting consumer

rights; supporting MSMEs through technology and export cooperation. 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.

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