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7/29/24, 2:41 PM Dr Thani Al Zeyoudi joins BRICS trade ministers to call for greater cooperation - Eye of Dubai

Dr Thani Al Zeyoudi joins BRICS trade ministers to call for greater cooperation

During the 14th BRICS Trade Ministers Meeting, attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign
Trade, the UAE renewed the call for enhanced trade cooperation among member nations and firm opposition to stimulate the
flow goods and services around the world.

It is the first time the UAE has participated in a BRICS Trade Ministers Meeting since its joining the group in August 2023.
Dr. Al Zeyoudi 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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