Latest news with #globalcooperation
Khaleej Times
5 days ago
- Business
- Khaleej Times
UAE positions itself as global bridge for cross-border cooperation, minister says
The UAE is intensifying efforts to solidify its standing as a global bridge for international cooperation, reaffirming its commitment to building inclusive, mutually beneficial global partnerships, and bridging south-north divide. Speaking during the Global South Economic Forum (GSEF), at the Anwar Gargash Diplomatic Academy on Tuesday, Ahmed bin Ali Al Sayegh, Minister of State at the UAE Ministry of Foreign Affairs, underscored the country's evolving diplomatic strategy, which places a strong emphasis on fostering dialogue and collaboration between the Global South and the Global North. 'We have to reclaim global narratives towards inclusivity, and finally, strengthen South-South and equally important South-North partnerships based on mutual respect, shared opportunity and strategic autonomy,' said Al Sayegh. 'The UAE is proud to contribute to this vision in various ways, including its outward looking economic diplomacy, whether through investments in clean energy, digital connectivity, food security or development financing. We remain committed to enabling pathways for shared prosperity as a nation at the crossroads of continents and cultures. The UAE sees its role not only as a bridge, but also as a collaborator and catalyst for cooperation that transcends geography. Our region has always been open for trade, has always been connected with friendships and partnerships, and I believe this forum today bodes well to continuing these hundreds of years old tradition and I look forward to hearing more about its outcomes.' Other experts also reiterated that the UAE's positioning as a collaborative nexus for global engagement continues to evolve in parallel with its strategic investments in sustainable development, innovation ecosystems, and inclusive diplomacy. Nickolay Mladenov, Director General of the Anwar Gargash Diplomatic Academy, echoed this sentiment, while pointing to a palpable shift in global influence and ambition. 'We're witnessing today a shift… a shift, not just in the economic weight, but very importantly, a shift in the intellectual leadership, in innovation and in ambition coming from the global south,' said Mladenov. 'From Sao Paulo to Nairobi, from New Delhi to Jakarta, voices from the south are pushing in and rebalancing the local rules of engagement, and they're absolutely right to do so.' According to a recent Boston Consulting Group (BCG) report, Global South is becoming a powerhouse of economic growth. Excluding China, the bloc of 133 nations accounts for roughly 18 percent of global GDP. Including China, that share rises to 40 percent -- and represents 65 percent of the global population. The combined GDP of these nations is projected to grow by 4.2 percent annually through 2029, more than double the 1.9 percent expected for advanced economies. Trade within the Global South is also rising, with South-South trade projected to grow at a CAGR of 3.8 percent through 2033, compared to 2.2 percent for North-North trade. By 2033, Global South trade could reach US$14 trillion annually. He added, 'Intra South trade and investment are growing faster than ever. Many global south countries now control critical resources for the global energy transition, over 65 per cent of populations under 30 are in the Global South. It's not just that they're there…they're digitally connected, they're creative, and they're ready to shape the future. 'Today, we look at the global south that is adopting technologies and adapting them to use and leapfrog traditional development models. All of this is happening right in front of our eyes, and yet, with all that potential around us, the global multinational architecture has still not caught up to these changes, and this is why we wanted to have the discussions in the forum today.' Conduit between regions Mladenov emphasised the UAE's readiness to serve as a conduit between regions at a time of heightened geopolitical fragmentation. 'Here in Abu Dhabi and the UAE, we're very happy to play the connecting role that links north and south through diplomacy, through logistics, through innovation, through the comprehensive and economic partnership agreements. The UAE has sought to build bridges at a time when others build walls. We desperately need to think about the future of multi polarity, not with confusion and fear, but with confidence. We need to harness the new technologies of the future without deepening the divides that already exist. We need to think about building systems of trade, of investment, of connectivity that reflect the priorities of the world.'
South China Morning Post
13-06-2025
- Business
- South China Morning Post
Vietnam officially joins Brics as ‘partner country', Brazil announces
Vietnam officially gained admission to Brics as a 'partner country' on Friday, joining a growing group of emerging economies connected to the bloc's widening agenda urging global cooperation and governance reform. The announcement came from Brazil , which holds Brics' rotating presidency in 2025. In a statement, the Brazilian government welcomed Hanoi's decision, highlighting shared goals of building 'a more inclusive and representative international order.' Brazil touted Vietnam's population of nearly 100 million and its 'dynamic economy' as key factors in the country's admission. 'Vietnam stands out as a significant player in Asia,' according to the statement. 'The country shares with Brics members and partners a commitment to a more inclusive and representative international order.' 'Its efforts in promoting South-South cooperation and sustainable development further strengthen its alignment with the interests of the group,' it added.
The National
12-06-2025
- Business
- The National
UAE President invited to G7 summit in Canada
President Sheikh Mohamed has been invited to attend the G7 summit in Canada. The invitation was sent by Canadian Prime Minister Mark Carney for the June 15 to 17 event, state news agency Wam reported on Wednesday. The invitation reflects the international recognition the UAE enjoys, Wam reported, as well as its constructive role in bolstering international co-operation and joint efforts to enhance global economic stability and address shared global challenges such as energy security, advanced technology and artificial intelligence. The summit will take place in Kananaskis, Alberta. While there, the G7 – Canada, France, Germany, Italy, Japan, the UK and the US – are expected to discuss issues such as global peace and security, economic stability and AI. The UAE has played a key role in international efforts to halt conflicts around the world, serving as a mediator for a series of prisoner swaps between Ukraine and Russia, and issuing continued calls for a permanent ceasefire in Gaza. The Emirates has also served as a global leader in harnessing the responsible use of emerging AI technology in recent years. Sheikh Mohamed also attended the G7 summit in Italy last year.
Japan Times
11-06-2025
- Business
- Japan Times
Former Japan envoy to U.S. calls for avoiding Trump's isolationist policies at G7
Former Japanese Ambassador to the United States Ichiro Fujisaki has highlighted the importance of maintaining the Group of Seven framework, in the face of U.S. President Donald Trump's reluctance on global cooperation. Fujisaki was speaking in an interview ahead of a three-day G7 summit in Canada from Sunday, the first such meeting for Trump since he began his second term in January. "The (G7) summit is like a regular medical checkup to assess whether the global democracy and market economy systems are functioning properly, so maintaining this framework is paramount," said Fujisaki, currently head of the America-Japan Society. As the Trump administration does not respect multilateralism, Fujisaki warned that the president may start saying that his country will no longer participate in the G7 summit. "Japan and European members (of the G7) should avoid teaming up and making Trump feel isolated," the former ambassador stressed. Asked how the administration of Japanese Prime Minister Shigeru Ishiba should develop ties with the U.S. side, Fujisaki pointed out that Trump is strongly committed to defending Japan. "There are different opinions (on ways to develop bilateral ties), but there's no doubt about the need (for Japan) to maintain and strengthen its relationship with the United States from a broader perspective," he added. Regarding the ongoing Japan-U.S. negotiations on Trump's tariffs, Fujisaki said that the outcome of the talks depends on what "gifts" Japan offers the U.S. side. "Even if the talks produce a win-win outcome, the United States would likely enjoy a 'WIN' in capital letters, while Japan would be left with a 'win' in lowercase letters," he noted. Fujisaki argued that the United States reconsidering its tariff policy would be good for both itself and other countries. "The current policy may benefit some parts of the United States in the short term, but it will generally have negative (effects) in the long term," he said. "If advanced countries adopt a policy of putting themselves first, many developing countries would be left behind and accumulate frustration," Fujisaki said. "China may try to fill the void left by the United States." "In any case, the world will pursue the banner of multilateralism, the rule of law, and free trade," he noted.
Zawya
05-06-2025
- Business
- Zawya
Statement of the African Union Commission on the United States (US) Travel ban
The African Union Commission has taken note of the recent proclamation by the Government of the United States imposing new travel restrictions affecting nationals from several countries, including some on the African continent. While recognising the sovereign right of all nations to protect their borders and ensure the security of their citizens, the African Union Commission respectfully appeals to the United States to exercise this right in a manner that is balanced, evidence-based, and reflective of the long-standing partnership between the United States and Africa. The Commission remains concerned about the potential negative impact of such measures on people-to-people ties, educational exchange, commercial engagement, and the broader diplomatic relations that have been carefully nurtured over decades. Africa and the United States share mutual interests in promoting peace, prosperity, and global cooperation. The African Union Commission respectfully calls upon the U.S. Administration to consider adopting a more consultative approach and to engage in constructive dialogue with the countries concerned. The Commission appeals for transparent communication, and where necessary, collaborative efforts to address any underlying issues that may have informed this decision. The Commission stands ready to support efforts that promote understanding, resolve concerns, and strengthen cooperation between Africa and the United States. Distributed by APO Group on behalf of African Union (AU).
