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7/29/24, 2:41 PM HE Dr Thani Al Zeyoudi Joins BRICS Trade Ministers To Call For Greater Cooperation

HE Dr Thani Al Zeyoudi Joins BRICS Trade

Ministers To Call For Greater Cooperation

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7/27/2024 9:07:23 AM

(MENAFN- Mid-East)

BRICS trade ministers gather in Moscow in preparation for the leaders' summit in October

2024.

HE Al Zeyoudi:“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”

Moscow –2024: During the 14th BRICS Trade Ministers Meeting, attended by His Excellency
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.

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.

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