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UAE seeking to balance global policy priorities and needs of Global South through BRICS membership

 



Last year, BRICS expanded by inviting six new countries, leading to the UAE officially joining the economic bloc in 2024. The UAE’s diverse economy and expertise in sectors such as energy and infrastructure align well with the goals of the existing BRICS members.


The UAE’s membership in BRICS underscores its long-standing strategy of building global partnerships to enhance the competitiveness and sustainability of its economy while exploring new opportunities for growth. This expansion in 2024 has bolstered BRICS’ economic influence.


The UAE Under-Secretary of the Ministry of Finance highlighted that the country’s accession to BRICS will strengthen efforts to build balanced economic relations and solidify its presence in emerging and developing markets. He emphasized that the UAE’s leadership in international trade cooperation has enabled it to address critical global challenges, leading to numerous comprehensive economic partnership agreements that reinforce its role in global trade.


The UAE remains committed to balancing global policy priorities with the needs of the Global South. Dedicated to inclusivity and equity, the Gulf state aims to ensure that international policies reflect the perspectives of developing nations.


With the expansion in 2024, BRICS now represents around 45% of the global population and 25% of global exports, with a combined GDP accounting for 29% of the world’s total GDP.


The UAE’s strong focus on climate change and sustainable development was evident at the recent BRICS High-level Dialogue on Climate Change in Russia. The UAE Minister of Climate Change and Environment played a key role in discussions on national efforts to combat climate change and BRICS cooperation. The minister reaffirmed the UAE’s commitment to international collaboration, noting that the country has invested $50 billion in clean energy projects across more than 70 countries and plans to invest an additional $50 billion over the next decade.

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