Page 260 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 2:42 PM Dr Thani Al Zeyoudi joins BRICS trade ministers to call for greater cooperation
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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