G20 Summit Brazil: Crown Prince Khaled Champions UAE’s Future
The United Arab Emirates (UAE) had a significant diplomatic engagement at the 19th G20 Summit in Rio de Janeiro, Brazil. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan led the UAE delegation at this prestigious global forum. The G20, consisting of major world economies, came together to address international economic challenges and promote collaborative solutions.
Representing President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan provided a comprehensive overview of the UAE’s perspective on global economic cooperation and sustainable development. The UAE’s participation in this summit highlights its increasing influence in shaping international economic policies and reaffirms its commitment to multilateral engagement.
UAE’s Strategic G20 Engagement
The UAE reached a diplomatic milestone through its G20 international diplomacy as it joined for the fifth time as a guest country. His Highness Sheik Khaled bin Mohamed bin Zayed Al Nahyan pledged AED 367.21 million through the UAE Aid Agency. This pledge shows the nation’s steadfast dedication to worldwide development programs.
UAE’s economic bonds with G20 nations have flourished considerably. Here are the key indicators:
- Non-oil foreign trade reached AED 720.10 billion in the first half of 2024
- Trade grew by 4.1% from last year
- G20 countries made up 51.6% of UAE’s total non-oil foreign trade
- Non-oil exports grew by 11.5%
The UAE took part actively in Brazil’s G20 ministerial meetings this year. These meetings covered global governance, climate challenges, and economic growth. Brazil emerged as UAE’s biggest Latin American trading partner with bilateral trade of AED 13.28 billion in the first eight months.
H.H. Sheik Khaled bin Mohamed bin Zayed Al Nahyan reaffirmed UAE’s promise to back global initiatives that tackle hunger and poverty. This involvement strengthens UAE’s role as a vital contributor to worldwide development and prosperity. The nation’s approach matches its broader goal to promote lasting global alliances and economic cooperation.
Key Diplomatic Announcements
His Highness Sheik Khaled bin Mohamed bin Zayed Al Nahyan announced the UAE’s most important diplomatic commitments at the summit’s opening session. This highlighted UAE’s growing influence in global governance. His Highness pledged AED 367.21 million through the UAE Aid Agency to help the Global Alliance against Hunger and Poverty. This pledge showed UAE’s steadfast dedication to tackle critical global challenges.
The UAE strengthened its support for these international priorities:
- Prevention and preparedness for health emergencies
- Strengthening pharmaceutical sector cooperation
- Advancing digital health innovations
- Supporting climate action and the Global Stocktake
- Enhancing support for vulnerable countries
His Highness Sheik Khaled bin Mohamed bin Zayed Al Nahyan stressed UAE’s core belief in international cooperation and multilateralism. This approach helps maximize opportunities and solve global challenges. UAE has worked hard to make international platforms more inclusive and ensure fair treatment of least developed countries and small island developing states.
UAE’s diplomatic efforts supported COP28 presidency’s main goals by working with the G20 and international community to protect the 1.5°C goal. This work matches UAE’s broader vision to promote complete sustainable development in social, economic, and environmental sectors.
Summit’s Economic Implications
Trade relations between the UAE and G20 nations showed impressive growth during the summit period. Non-oil trade reached AED 1443.88 billion in 2023. This represents a 15.3% increase from 2022 and a 54% jump from 2019. Several key metrics highlight the economic impact of G20 engagement:
- G20 nations now represent 51.6% of UAE’s total non-oil foreign trade
- Non-oil exports grew by 11.5%
- Total non-oil foreign trade hit AED 720.10 billion in first half of 2024
- Trade volume increased by 4.1% year-over-year
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, stressed the need to strengthen multilateral trading systems at the G20 Trade and Investment Ministerial Meeting. He challenged protectionism and advocated using technology for greener trade practices. His focus included promoting women’s participation in international trade.
The summit revealed major bilateral economic developments, especially with Brazil. UAE investments in Brazil amount to AED 18.36 billion. Leading Emirati companies like Mubadala, DP World, Emirates Airlines, and First Abu Dhabi Bank have built a strong presence in Brazil’s market. These companies promote sustainable development initiatives and support government modernization programs.
The UAE’s growing influence in global economic governance became evident at the 19th G20 Summit. H.H. Sheik Khaled bin Mohamed bin Zayed Al Nahyan led the nation and showed its steadfast dedication to international cooperation through major pledges and strategic initiatives. The UAE’s non-oil trade with G20 nations reached AED 1443.88 billion in 2023, which highlights its stronger position in global markets.
The UAE supports worldwide health programs, digital breakthroughs, and climate action through its all-encompassing approach to global partnerships. The country has become a key player in shaping future global economic policies because of its focus on development, economic teamwork, and diplomatic success at the summit.
This pivotal G20 participation strengthens UAE’s role as a trusted global partner and builds a foundation for future work with G20 nations. The country balances economic growth, environmental responsibility, and social progress. Its mature leadership in global affairs continues to shape international economic partnerships positively.
