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UAE participates in G20 Summit and supports international cooperation to address economic and developmental challenges

Mon 14/11/2022

The UAE will participate in the G20 Summit in Bali, Indonesia, held from 15th-16th November under the slogan: "Recover Together… Recover Stronger," with a high-level delegation of UAE ministers.

The high-level gathering, which includes major global economic powers, will discuss strengthening economic cooperation worldwide to address economic and developmental challenges.

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, stated that the UAE’s participation in the G20 Summit is of great importance to the country, given the challenges facing the global economy. He also noted that in light of challenges faced by developing countries in particular, the UAE remains committed to strengthening economic cooperation, serving as a reliable and responsible energy supplier, and ensuring the stability of global energy markets. He also underscored the UAE’s commitment to its ambitious agenda for innovation and clean energy investment.

"The UAE's participation in the G20 Summit as a guest country comes as part of its commitment to working with international partners to stimulate economic growth and achieve equitable development around the world," H.H. Sheikh Abdullah said.

He remarked that the UAE is keen to bolster cooperation regionally and internationally and support stabilisation and development. Moreover, it will double its commitments to effective global action to achieve these goals.

Sheikh Abdullah added, "Improving economic outcomes in key sectors and ensuring that all societies live in dignity remain the UAE's top priorities during its participation in the G20 process this year. This is an extension of the UAE's foreign policy, which consistently seeks to support international partners and elevate the voices of other countries that are not represented in such meetings.”

Furthermore, His Highness noted that in its participation, the UAE will emphasise that dialogue and diplomacy remain the best options to enhance international solidarity and trust, address crises, and build on common interests.

For his part, Ahmed Ali Al Sayegh, Minister of State and UAE G20 Sherpa, explained that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, is keen to cooperate with the international community and support all efforts to address global challenges while enhancing prosperity.

He underscored that the UAE strongly supports theG20 process to address shared challenges and encourage balanced, sustainable, and comprehensive global economic recovery.

Al Sayegh added, "The UAE affirms its commitment to supporting the priorities outlined in G20 meetings and highlights the importance of this platform as a major economic forum that contributes to enhancing international cooperation and economic stability.”

Moreover, he underscored the significance of the G20 Summit’s outcomes in promoting cooperation to address urgent global challenges in a manner that serves humanity at large. Al Sayegh said, "Based on our successful experience as a guest country invited by the Kingdom of Saudi Arabia at the G20 Summit in 2020, the UAE seeks to strengthen cooperation across a number of major issues through special committees and by focusing on global health, food security, climate challenges, combating corruption, digital innovation, women's empowerment, and other files raised in this year’s G20 process.”

For his part, Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, said that the Ministry of Health and Prevention plays a pivotal role in international issues at the G20 Summit. Al Owais noted that the UAE leadership has prioritised enhancing cooperation to achieve a resilient future capable of facing health challenges and supporting the Sustainable Development Goals.

He underscored the important role the G20 plays in supporting global efforts to combat the COVID-19 pandemic while fostering cooperation, coordination, and the exchange of experiences between participating countries to enable health systems to recover.

Al Owais added, "The UAE has been keen to work in the spirit of solidarity with the international community since the outbreak of the COVID-19 pandemic. It was at the forefront of countries in providing medical aid that reached more than 135 countries and helped reduce the pandemic’s impact. Moreover, the UAE supported the establishment of fully equipped field hospitals in various countries and harnessed its advanced transportation capabilities to help expedite the delivery of COVID-19 vaccines around the world.”

He stated that the UAE, based on the directives and support of its leadership, adeptly handled the COVID-19 pandemic as a result of the country's advanced medical system, national strategy, preventative measures, and forward-looking vision.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, noted that the UAE, through its participation this year in the G20 Finance Track, took part in advancing critical global flagship initiatives such as the launch of the Pandemic Fund, which will play a key role in bridging pandemic prevention, preparedness, and response funding gaps.

He also stated that the UAE contributed to the launch of the Agriculture Innovation Mission for Climate, which aims to raise investment in sustainable and innovative global food systems that are resistant to climate change. He noted that this comes in addition to the country’s efforts to ensure global financial stability and promote long-term fiscal sustainability while advancing the G20 Sustainable Finance Roadmap and agenda on scaling up sustainable infrastructure investments.

“We look forward to the Leaders’ Summit outcomes on the most pressing challenges facing the global economy. These include achieving economic recovery from the COVID-19 pandemic, tackling inflation, and controlling food, fertiliser, and energy prices. This is in addition to identifying the best way to combat climate change and mitigate its impact, as well as implement the G20’s sustainable finance plans,” Al Hussaini stated.

For his part, Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, affirmed the need for international cooperation and joint action to decisively address energy and climate challenges resulting from rapid global changes in recent years. He stated that the UAE is consistently working with various countries to advance sustainable development and implement world-leading projects in the energy field. He also noted that the UAE supports the commitments and priorities outlined by international charters and norms that align with UAE Government directives.

Al Mazrouei explained that the UAE is committed to enhancing dialogue with all countries through international organisations to address energy and climate challenges. He noted that the UAE is committed to upholding international standards and fostering partnerships in efforts to achieve comprehensive sustainable development.

In this vein, he also affirmed that the UAE seeks to maximise energy efficiency in parallel with its efforts to reduce carbon emissions and consumption. He remarked that the UAE maintains a clear and ambitious approach in diversifying its energy mix while advancing the transition to clean sources. Current efforts, he continued, are focused on achieving a balance between cost, sustainability, and security, in addition to furthering development and prosperity.

For her part, Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, said, “We thank the Republic of Indonesia for inviting the UAE to take part in the G20 process this year. We reaffirm our commitment to cooperating with all nations through the G20 framework to foster equitable sustainable development around the world, particularly in under-represented countries. We hope the Leaders’ Summit will focus on stepping up collective climate action; protecting, preserving, and restoring ecosystems; and addressing the transformation of food systems and food security challenges worldwide.

“The need of the hour is to adopt a participatory approach that brings together governments, private sector stakeholders, non-profits, academia, and civil society while empowering youth, women, and indigenous communities. We must demonstrate solidarity by forging meaningful regional and global partnerships that can help tackle common challenges in a proactive and systematic way rather than a reactive one.”

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, reiterated the UAE’s belief in joint action, global cooperation, and efforts to design whole-of-society solutions guaranteeing economic growth, improving healthcare, and boosting digital transformation through advanced technologies.

He said that the Summit represents a global platform to drive economic collaboration and anticipate the next phase of development, adding that digital transformation is a key pillar in the UAE’s vision for a better future based on knowledge, data, technology, and multilateral collaboration with international enterprises.

Al Olama further commended Indonesia’s efforts in hosting the G20 Summit and the year-round Ministerial Meetings, Working Groups, and Engagement Groups. He also praised the adoption of digital economy as a priority in the G20 agenda to promote social development and enhance international efforts to achieve global prosperity.

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