Latest news with #JumaAlKait
Zawya
19-05-2025
- Business
- Zawya
UAE emphasizes trade as essential to inclusive growth during G20 Trade and Investment Working Group in South Africa
Abu Dhabi, UAE – The United Arab Emirates participated in the second G20 Trade and Investment Working Group Meeting (TIWG) in South Africa's Western Cape, held recently. The UAE delegation, headed by His Excellency Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, reaffirmed the UAE's commitment to open, rules-based trade, and highlighted its role to as means of delivering economic prosperity, sustainable development and green growth, during the three-day forum. The Trade and Investment Working Group, held under South Africa's presidency of the G20, brought together more than 100 delegates from G20 member countries, invitee nations and international organizations to discuss the issues central to global trade and investment. The frameworks developed over the course of the forum will inform the G20 Leaders' Summit that takes place in Johannesburg between November 22-23, 2025. During the forum, HE Al Kait underscored the importance of inclusive trade agendas to deliver economic resilience and job creation. He stated that the UAE's foreign trade and investment policies are driving growth, diversification and development in emerging markets, and supporting regional integration in Africa. He cited the US$800 million that Abu Dhabi Ports has announced for the development of ports and other logistics in Africa and DP World's network of dry ports that is facilitating supply-chain access for landlocked countries. His Excellency Al Kait also highlighted the UAE's work in enhancing SME's participation in global trade, particularly through the nation's Comprehensive Economic Partnership Agreement program. HE Juma Al Kait said: 'The second meeting of the G20 Trade and Investment Working Group under South Africa's presidency was an important opportunity to find areas of general agreement on trade issues and begin to resolve areas of discord. We are in a challenging moment for the global economy as a whole and for the multilateral trading system in particular, so it is important for the world's principal economies to come together and chart a better course for both. Our discussions this week have underlined trade's pivotal role in growth, diversification and innovation, and its ability to empower a greener, more equitable future. To fully realize this, we must work hand-in-hand to enhance the rules that govern global trade and agree on the frameworks to enforce them – and this week has enabled us to take several steps towards that objective.' The third Trade and Investment Working Group meeting is scheduled to take place between July 29-31 in Muldersdrift in the Gauteng Province of South Africa, north-west of Johannesburg. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Web Release
25-03-2025
- Business
- Web Release
UAE says supply-chain accessibility is key to economic growth during G20 Trade and Investment working group
The UAE has reaffirmed its commitment to supporting an open, rules-based trading system that promotes sustainable economic development, employment, industrialization, and shared prosperity during a meeting of the G20 Trade and Investment Working Group. Participating in the session as a specially invited guest of South Africa, who holds the G20 presidency for 2025, the UAE delegation also expressed its support for the integration of developing economies into global supply chains, the importance of achieving a just green transition and the ongoing reform of the World Trade Organization (WTO) as a means of upholding a free, fair, and inclusive multilateral trading system. The UAE delegation was headed by His Excellency Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, and included representatives of the Ministry of the Economy and the Ministry of Investment. In his remarks to the working group, HE Juma Al Kait said the UAE trade agenda is closely aligned with the priorities of South Africa's presidency, in particular the structural transformation of the African continent and the development of African Continental Free Trade Area. The UAE, he said, has now concluded Comprehensive Economic Partnership Agreements with five African nations – Kenya, Central African Republic, Congo-Brazzaville, Morocco and Mauritius – and has opened discussions with many more to expand the benefits of free trade and boost investment in key sectors. His Excellency Al Kait also underlined the UAE's investment into regional value chains, citing the UAE's Africa Economic Corridor Strategy, which aims to increase trade by supporting the development of new logistics hubs across Sub-Saharan Africa, and the contribution of Abu Dhabi Ports and DP World to the development of integrated logistics solutions for African businesses. This is in addition to the UAE's support for green industrialization, which is another core focus of South Africa's G20 presidency. His Excellency noted the UAE's significant investments in renewable energy ventures, with commitments of more than US$16.8 billion across 70 countries, the majority of them in the developing world. In the final session, the UAE highlighted the importance of ensuring the WTO is able to fulfil its mandate as the custodian of the global trading system, especially in its ability to address economic asymmetries. He noted the unprecedented progress made on the areas of agriculture and fisheries at the 13th Ministerial Conference (MC13) of the WTO, which was held in Abu Dhabi in February, 2024, and expressed hope that consensus could be found at MC14 in Cameroon next year. His Excellency Juma Al Kait said the Working Group is an important opportunity to build consensus among the global trading community and make the case for open, rules-based trade: 'The United Arab Emirates believes that trade is the main driver of sustainable economic development, positively impacting investment, industrialization, job creation and innovation. It is incumbent on us to ensure the global trading system is inclusive and accessible – especially as we confront a rapidly evolving trading landscape. The G20's trade priorities for 2025 are fully aligned with our own foreign trade agenda, and the Ministry of Economy and the Ministry of Investment will continue to actively contribute to this year's TIWG sessions to ensure the benefits of trade are shared equally and equitably.' The Trade and Investment Working Group, which was held virtually between March 18-20, was the first to be convened under South Africa's presidency of the G20. There will be three further Working Group meetings before the Ministerial Meeting on October 10 in Gqeberha, South Africa. The G20 Presential Meeting will take place in Johannesburg in November.
Al Etihad
24-03-2025
- Business
- Al Etihad
UAE participates in 'G20 Trade and Investment Working Group' meeting
24 Mar 2025 17:04 ABU DHABI (WAM) The UAE has reaffirmed its commitment to supporting an open, rules-based trading system that promotes sustainable economic development, employment, industrialisation, and shared prosperity during a meeting of the G20 Trade and Investment Working in the session as a specially invited guest of South Africa, who holds the G20 presidency for 2025, the UAE delegation also expressed its support for the integration of developing economies into global supply chains, the importance of achieving a just green transition, and the ongoing reform of the World Trade Organisation (WTO) as a means of upholding a free, fair, and inclusive multilateral trading UAE delegation was headed by the Assistant Under-Secretary for International Trade Affairs at the Ministry of Economy, Juma Al Kait, and included representatives of the Ministry of the Economy and the Ministry of his remarks to the working group, Al Kait said the UAE trade agenda is closely aligned with the priorities of South Africa's presidency, in particular the structural transformation of the African continent and the development of the African Continental Free Trade UAE, he said, has now concluded Comprehensive Economic Partnership Agreements with five African nations – Kenya, Central African Republic, Congo-Brazzaville, Morocco, and Mauritius – and has opened discussions with many more to expand the benefits of free trade and boost investment in key Kait also underlined the UAE's investment into regional value chains, citing the UAE's Africa Economic Corridor Strategy, which aims to increase trade by supporting the development of new logistics hubs across Sub-Saharan Africa, and the contribution of Abu Dhabi Ports and DP World to the development of integrated logistics solutions for African is in addition to the UAE's support for green industrialisation, which is another core focus of South Africa's G20 noted the UAE's significant investments in renewable energy ventures, with commitments of more than $16.8 billion across 70 countries, the majority of them in the developing the final session, the UAE highlighted the importance of ensuring the WTO is able to fulfil its mandate as the custodian of the global trading system, especially in its ability to address economic noted the unprecedented progress made in the areas of agriculture and fisheries at the 13th Ministerial Conference (MC13) of the WTO, which was held in Abu Dhabi in February 2024, and expressed hope that consensus could be found at MC14 in Cameroon next year. Al Kait said the Working Group is an important opportunity to build consensus among the global trading community and make the case for open, rules-based trade, 'The United Arab Emirates believes that trade is the main driver of sustainable economic development, positively impacting investment, industrialisation, job creation and innovation. It is incumbent on us to ensure the global trading system is inclusive and accessible – especially as we confront a rapidly evolving trading landscape. The G20's trade priorities for 2025 are fully aligned with our own foreign trade agenda, and the Ministry of Economy and the Ministry of Investment will continue to actively contribute to this year's TIWG sessions to ensure the benefits of trade are shared equally and equitably.'
Zawya
24-03-2025
- Business
- Zawya
UAE says supply-chain accessibility is key to economic growth during G20 Trade and Investment working group
HE Juma Al Kait: 'We believe that trade is the main driver of economic development, positively impacting investment, industrialization, job creation and innovation, and it is incumbent on us to support a global trading system that is inclusive and accessible'. Abu Dhabi – The UAE has reaffirmed its commitment to supporting an open, rules-based trading system that promotes sustainable economic development, employment, industrialization, and shared prosperity during a meeting of the G20 Trade and Investment Working Group. Participating in the session as a specially invited guest of South Africa, who holds the G20 presidency for 2025, the UAE delegation also expressed its support for the integration of developing economies into global supply chains, the importance of achieving a just green transition and the ongoing reform of the World Trade Organization (WTO) as a means of upholding a free, fair, and inclusive multilateral trading system. The UAE delegation was headed by His Excellency Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, and included representatives of the Ministry of the Economy and the Ministry of Investment. In his remarks to the working group, HE Juma Al Kait said the UAE trade agenda is closely aligned with the priorities of South Africa's presidency, in particular the structural transformation of the African continent and the development of African Continental Free Trade Area. The UAE, he said, has now concluded Comprehensive Economic Partnership Agreements with five African nations – Kenya, Central African Republic, Congo-Brazzaville, Morocco and Mauritius – and has opened discussions with many more to expand the benefits of free trade and boost investment in key sectors. His Excellency Al Kait also underlined the UAE's investment into regional value chains, citing the UAE's Africa Economic Corridor Strategy, which aims to increase trade by supporting the development of new logistics hubs across Sub-Saharan Africa, and the contribution of Abu Dhabi Ports and DP World to the development of integrated logistics solutions for African businesses. This is in addition to the UAE's support for green industrialization, which is another core focus of South Africa's G20 presidency. His Excellency noted the UAE's significant investments in renewable energy ventures, with commitments of more than US$16.8 billion across 70 countries, the majority of them in the developing world. In the final session, the UAE highlighted the importance of ensuring the WTO is able to fulfil its mandate as the custodian of the global trading system, especially in its ability to address economic asymmetries. He noted the unprecedented progress made on the areas of agriculture and fisheries at the 13th Ministerial Conference (MC13) of the WTO, which was held in Abu Dhabi in February, 2024, and expressed hope that consensus could be found at MC14 in Cameroon next year. His Excellency Juma Al Kait said the Working Group is an important opportunity to build consensus among the global trading community and make the case for open, rules-based trade: 'The United Arab Emirates believes that trade is the main driver of sustainable economic development, positively impacting investment, industrialization, job creation and innovation. It is incumbent on us to ensure the global trading system is inclusive and accessible – especially as we confront a rapidly evolving trading landscape. The G20's trade priorities for 2025 are fully aligned with our own foreign trade agenda, and the Ministry of Economy and the Ministry of Investment will continue to actively contribute to this year's TIWG sessions to ensure the benefits of trade are shared equally and equitably.' The Trade and Investment Working Group, which was held virtually between March 18-20, was the first to be convened under South Africa's presidency of the G20. There will be three further Working Group meetings before the Ministerial Meeting on October 10 in Gqeberha, South Africa. The G20 Presential Meeting will take place in Johannesburg in November. -Ends-
Khaleej Times
18-03-2025
- Business
- Khaleej Times
UAE Steel Producers Committee inaugurates its new headquarters
The UAE Steel Producers Committee (SPC) has inaugurated its new headquarters in Abu Dhabi to strengthen the role of the national industry. The committee celebrated the opening of its new headquarters in at 'Aldar Building' in Abu Dhabi as it aims to support national efforts to develop the steel sector. Juma Al Kait, assistant undersecretary of Foreign Affairs, MOE, along with the committee's chairman Engineer Saeed Al Ghafri — a member of the UAE Chambers Federation, graced the occasion. The representatives from the Abu Dhabi Chamber of Commerce and Industry and Dubai Customs as well as several executive committee members and prominent leaders in the iron and steel sector, also attended the inaugural ceremony. This inauguration reinforces efforts to develop the national iron industry, which is considered one of the key pillars of the UAE's economic growth. Established in 2020, the Steel Producers Committee is a non-profit entity representing steel producers across the UAE, operating under Federal Law No. 22/2000 issued by the UAE Chambers of Commerce and Industry Federation.
