UAE stresses trade cooperation, investment growth at BRICS meeting

The UAE has emphasised its commitment to global trade cooperation and economic partnership at the 15th BRICS Trade Ministers Meeting in Brasília, Brazil.

Representing the UAE was Juma Mohammed Al Kait, Assistant Undersecretary of International Trade Affairs at the Ministry of Economy.

Al Kait highlighted the country's focus on boosting trade, investment and collaboration among BRICS nations, positioning the UAE as a vital bridge between East and West, and the Global South.

BRICS member states discussed key global trade challenges and expressed firm support for a fair, rules-based multilateral trading system.

The meeting concluded with the adoption of several key documents aimed at enhancing economic cooperation and BRICS’ influence in global trade.

The UAE also highlighted its strong bilateral ties with Brazil, pointing to successful joint initiatives and a 23 per cent rise in non-oil trade in 2024, reaching $5.4 billion (AED 19.83 billion).

Both countries are set to deepen cooperation in sectors such as energy, infrastructure and technology.

The annual BRICS Trade Ministers’ Meeting coincides with the broader BRICS summit and is a major forum for strengthening international trade relations.

BRICS comprises Brazil, Russia, India, China, South Africa (original members) and has expanded in recent years to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE.

Collectively, the BRICS nations represent a significant portion of the global economy, accounting for nearly 40 per cent of the world's population and around 25 per cent of global GDP. The UAE became a member of BRICS in 2024.