A delegation from the Ministry of Economy of the United Arab Emirates (UAE) traveled to Bengaluru, India, in May to participate in the second G20 (Group of 20) Trade and Investment Working Group Meeting (TIWG).
The UAE delegation was led by Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy of the UAE. More than 100 participants from G20 member countries, regional groups, and international organizations attended the three-day meeting in India.
The forum was held under India's G20 Presidency to examine crucial issues in global trade and investment. During the meeting, Juma Al Kait highlighted the importance of the participation of small and medium-sized businesses in building resilience across global value chains. He also noted that the UAE is set to host MC13, the 13th World Trade Organization (WTO) Ministerial Conference (MC13), in Abu Dhabi, the capital of the UAE, in February 2024.
He further said, “The UAE’s participation in the G20 trade and investment track reflects our growing role in driving cooperation and consensus on critical issues impacting international trade.”
The UAE delegation highlighted the importance of investment in digital supply chain solutions. The Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy of the UAE also noted that his country is committed to establishing virtual trade for facilitating paperless trade.
The UAE's involvement in the G20 meeting coincides with its preparations to host the World Investment Forum organized by UNCTAD (United Nations Conference on Trade and Development) in October this year.
The UAE is also set to host the Conference of the Parties to the United Nations Framework Convention on Climate Change, popularly known as COP28, in Dubai, as well as the 13th Ministerial Meeting of the World Trade Organisation (WTO), which will take place in 2024.
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