According to the UAE, Open, Rules-Based Trade is Essential to South Africa’s Long-Term Prosperity

During the G20 Trade and Investment Ministerial Meeting (TIMM) in Gqeberha, South Africa, UAE Foreign Trade Minister Dr. Thani Bin Ahmed Al Zeyoudi reiterated the UAE’s conviction that open, rules-based trade continues to be a vital force behind long-term development for countries worldwide.

Al Zeyoudi took advantage of the occasion to emphasize the UAE’s continued support for cooperative solutions to contemporary trade problems, such as the necessity of modernizing and fortifying supply chains and improving the accessibility and fairness of the international trading system.

Member countries primarily debate trade and investment-related issues during the G20 Trade and Investment Ministerial Meeting. These deliberations will then inform the G20 Leaders’ Summit in November. While South Africa was hosting the G20, the UAE was invited as a special guest. The UAE delegation, led by Al Zeyoudi, attended sessions on the importance of industrialization for sustainable development, the concepts of inclusive growth and trade, and the continuous need for World Trade Organization (WTO) reform.

Al Zeyoudi emphasized in his comments how important it is to coordinate results across different international organizations in order to promote a fair system of international trade. In order to ensure that all countries may profit from international commerce, he also outlined the need for trade policies to address developmental challenges.

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