Skip to main content

UAE delegation participates in G20 Trade and Investment Working Group Meeting

UAE delegation participates in G20 Trade and Investment Working Group Meeting

 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. 


Labels:

Comments

Post a Comment

Popular posts from this blog

PM Modi Stresses Climate Finance and Technology at COP28 for Global South's Ambitions

 During the COP28 Presidency's session on Transforming Climate Finance, Prime Minister Narendra Modi emphasized the crucial role of climate finance and technology in realizing the aspirations of countries in the Global South, including India. Despite their limited contribution to climate change, these nations bear immense consequences, and PM Modi highlighted their unwavering commitment to climate action, despite resource constraints. Addressing the gathering, PM Modi stated, "We all know that countries in the Global South, including India, have played a lesser role in climate change. But the impact of climate change on them is immense. Despite a lack of resources, these countries are committed to climate action." He expressed the expectation of Global South nations for robust support from developed countries to combat climate change, considering the natural and justified need for assistance. PM Modi welcomed the decision to operationalize the Loss and Damage Fund, adopte
Post a Comment
Read more

Bangladesh Military Expresses Discontent Over Chinese Weapons; Reports 'Sub-Standard' and Faulty Parts

  Bangladesh, a traditional buyer of Chinese military equipment, has raised grievances with Beijing regarding the delivery of defective components and technical malfunctions in its imported military hardware. This issue is not unique to Bangladesh, as other nations like Myanmar have also encountered problems with Chinese fighter jets, according to an ET report. Experts in the Chinese defense industry argue that Beijing lacks the expertise to manufacture highly sophisticated military hardware and is not yet considered a top-tier producer of modern defense equipment. They claim that much of China's weapon systems are based on outdated technology copied from the West. Developing countries often opt for Chinese weapons due to their lower cost compared to similar systems from Western countries. China sells arms through state-run export organizations like the Aviation Industry Corporation of China (AVIC), NORINCO, and CVIC. Sources familiar with the matter told ET that the Bangladesh mil
Post a Comment
Read more

North Korea Celebrates 'New Era of a Space Power' after Satellite Launch

  In a significant development, North Korea recently celebrated what it termed a 'new era of a space power' following the successful launch of a satellite. The reclusive nation's space endeavors have long been a source of international concern and scrutiny, raising questions about its technological capabilities and intentions. This latest achievement has reignited debates and speculation about North Korea's space ambitions. The satellite launch, conducted by North Korea's space agency, comes amid a backdrop of geopolitical tensions and global attention on the Korean Peninsula. The state media hailed the event as a major milestone, highlighting the successful deployment of the satellite into orbit. However, it is important to note that the international community remains skeptical, with concerns over the dual-use nature of space technology that could potentially be applied to ballistic missile systems. North Korea's pursuit of space capabilities has been a conten
Post a Comment
Read more