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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 Riyadh
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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