UAE participates in G20 Trade and Investment Working Group Meeting in India

UAE participates in G20 Trade and Investment Working Group Meeting in India

BENGALURU, India, 30th May, 2023 (WAM) -- Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy, has led a delegation from the UAE Ministry of Economy to the second G20 Trade and Investment Working Group Meeting (TIWG) in May in Bengaluru, India.

The three-day forum, held under India’s G20 Presidency, brought together more than 100 delegates from G20 member countries, invitee countries, regional groupings, and international organisations to discuss critical global trade and investment issues.

The G20’s ongoing work on trade and investment builds on the key outcomes of the 12th Ministerial Conference of the World Trade Organisation (MC12) in Geneva, which included significant breakthroughs on fishing subsidies and dispute resolution. It now seeks to accelerate WTO reform to guarantee an open, inclusive, and transparent global trading system, which is vital for ensuring growth and opportunity for all member nations.

During the TIWG meeting, Al Kait reiterated the UAE’s commitment to driving the WTO reform agenda, which is a key priority as the nation prepares to host MC13 in Abu Dhabi in February 2024. He also stressed the importance of cross-border cooperation in building resilience across global value chains, underlining the need to enhance the participation of small