Participating in a meeting of the Trade and Investment Working Group (TIWG) of the G20, the United Arab Emirates (UAE) was present on the 31st of March 2023. The event was held in Mumbai, India, between the 28th the 30th of March 2023, during India’s presidency of the G20.
Juma Al Keet, the Assistant Under-Secretary of the Ministry of Economy for International Trade Affairs, led the UAE’s delegation at the meeting.
During the discussions, Juma Al Keet conveyed the UAE’s vision regarding various important issues concerning related to global trade and investment development.
He also highlighted the country’s efforts and initiatives aimed at rapidly increasing trade growth and facilitating trade movement.
The UAE’s participation in this meeting illustrates its commitment and dedication to global trade
As part of the TIWG, the UAE participated in discussions and shared its opinion and views on various range of topics, including the promotion of the international trading system, the development of investment policies, and the increasing cross-border trade.
The UAE’s participation in this meeting highlights its commitment and dedication towards global trade and investment development and its crucial role as an active member of the G20.
Juma Al Keet, the Assistant Under-Secretary of the Ministry of Economy for International Trade Affairs, discussed several important topics related to global trade and investment development during the Trade and Investment Working Group (TIWG) meeting of the G20 held in India.
One of his key main points was the importance of international partnerships and cooperation in promoting economic growth. He emphasized that collaboration among countries is essential to support global value chains, which are necessary for the growth and development of international trade.
Juma Al Keet also highlighted the importance of providing assistance and support to small and medium-sized enterprises (SMEs), as they are essential contributors to the growth of the worldwide economy. It is mandatory to boost the SME trading system in all sectors so that each country can generate great opportunities for its citizens.
Furthermore, he also emphasized there’s a dire need for a strong and productive logistics system to facilitate trade system globally.
Juma Al Keet acknowledged that a stronger and more efficient logistics system can reduce the time and cost involved in transporting goods, leading to greater trade.
TIWG meeting emphasized the UAE’s commitment to promoting sustainable economic growth through international partnerships and cooperation.
The United Arab Emirates (UAE) is presently attending the G20 meeting, which is an important platform for international economic cooperation and decision-making, which is a crucial event in the country’s calendar.
The G20 meeting is of particular importance to the UAE as it aligns with its preparations to host several major international events next year.
Among these events is the 28th Conference of the Parties (COP28), which is an annual meeting where international leaders come together to discuss and address climate change issues to adopt a sustainable future.
In recent years UAE heavily invested in sustainable development and the transition to renewable energy, the UAE’s participation in COP28 is crucial to its commitment and dedication to tackling the global challenge of climate change. As the UAE works to become more environmentally friendly and to adopt long-term development goals.
Including participating in COP28, the UAE is also preparing to host the World Investment Forum which is mainly organized by the United Nations Conference on Trade and Investment (UNCTAD).
This forum brings investors, policymakers, and experts together to discuss current investment trends and explore opportunities for sustainable development.
Besides that, the UAE is going to host the 13th ministerial meeting of the World Trade Organization (WTO) in 2024.
This meeting will provide a platform and great opportunities for trade ministers from around the world to discuss and negotiate on main issues related to international trade, including tariffs, subsidies, and market access.
In conclusion, the UAE’s participation in these major international events such as the G20 meeting, COP28, the World Investment Forum, and the WTO ministerial meeting provides the country with a valuable opportunity to showcase its strong presence and influence on the global stage.
Through its active participation and contribution to these events, the UAE can demonstrate its commitment to sustainable development, investment, and international trade, which are presently critical issues for the world community.
By hosting these events, the UAE can also maintain its strong place and strengthen its relationships with other nations, this move will enhance its reputation as a global leader, and attract new investment opportunities.
The country’s willingness to engage in productive dialogue and work collaboratively with other nations on key global challenges is a shining example of its commitment to contribute to building a more prosperous and sustainable future by promoting peace, stability, and prosperity around the world.