The UAE reiterated its demand for stronger trade cooperation among member countries and strong opposition to measures that would encourage the flow of goods and services around the globe during the 14th BRICS Trade Ministers Meeting, which was attended by Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.
Since joining the BRICS in August 2023, the UAE has not participated in a Trade Ministers Meeting.
Along with the participating ministers, Dr. Al Zeyoudi signed a Joint Communique reiterating the commitment to comprehensive cooperation among member nations in several important areas of shared interest. These include bolstering support for joint value chains, facilitating agricultural trade, encouraging special economic zones as cooperation hubs, promoting e-commerce while upholding consumer rights, and assisting MSMEs through technology and export cooperation.
The ministers reaffirmed how critical it is to incorporate digital technologies into international trade and to advance clever solutions like electronic bills of lading and e-certification. The statement also emphasised the importance of cooperation and investment in developing the potential of the special economic zones of the BRICS members and strengthening the intra-BRICS global value chains (GVCs), both of which would boost competitiveness in emerging markets like renewable energy.
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