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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 - …
HE Dr. Thani 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
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14 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.

H.E. Dr. Al Zeyoudi emphasized 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 organizations, in our ever-evolving global landscape.

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In addition to the Joint Communique, the 14 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 utilizing 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. The 10-member BRICS group brings
together the world’s most important developing countries. Its membership comprises the

U.A.E., the Russian Federation, the Federal Republic of Brazil, the People’s Republic of China,
the Republic of India, the Republic of South Africa, the Republic of Egypt, the Kingdom of Saudi

Arabia, the Federal Republic of Ethiopia, and the Islamic Republic of Iran.

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