UAE Welcomes BRICS Membership

President Sheikh Mohamed vows commitment of cooperation for the “benefit of all nations” as BRICS inducts 6 nations in historic expansion…reports Asian Lite News

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has welcomed the country’s inclusion in the BRICS – the grouping of emerging economies of Brazil, Russia, India, China and South Africa.

The UAE has officially joined the BRICS group after a successful application ratified by the five nations and the announcement was made on Thursday as leaders of the five countries met from 22nd-24th August in Johannesburg for the 15th BRICS summit.

“We respect the vision of the BRICS leadership and appreciate the inclusion of the UAE as a member to this important group,” Sheikh Mohamed posted on X, formerly Twitter. “We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world.”

Commenting on the UAE’s successful application to join BRICS, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, said, “We express our appreciation to the five founding members of this important grouping, with our successful application reflecting BRICs’ approach to partnerships and its strong spirit of friendship.”

He added, “This development forms part of the UAE’s commitment to promoting constructive dialogue through active platforms that represent developing and emerging economies, and the country’s focus on long-term economic prosperity and maintaining balanced strategic and economic relations—including with international organisations—in an ever-evolving world order. The UAE has consistently championed the value of multilateralism in supporting peace, security, and development globally.”

The UAE is committed to multilateral action, and constructive dialogue which is fostered through active platforms that represent developing and emerging economies at an international level, state media WAM reported.

In this regard, becoming a member of an extended BRICS grouping reflects the UAE’s keenness to champion the value of multilateralism in supporting peace, and development for the benefit and the wellbeing of peoples and nations across the world.

The UAE has been a long-term partner of the BRICS group, having participated in June’s ‘Friends of BRICS’ forum in Cape Town, convened as part of the BRICS Foreign Ministers Meeting, chaired by the Republic of South Africa.

The UAE also joined the BRICS New Development Bank in October 2021, after it was established in 2015 to mobilise resources for infrastructure and sustainable development projects in emerging markets, developing countries, and BRICS nations.

Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, stated, “We express our appreciation regarding the agreement of the leaders of the BRICS countries on the inclusion of the UAE in this important group as of January 2024, and we are grateful for their confidence in this regard. The UAE seeks to support multilateralism and partnerships to achieve development, prosperity and benefit for all countries and peoples.”

Sheikh Shakhboot continued, “The UAE’s inclusion in the BRICS group reflects its keenness on international and multilateral cooperation to achieve sustainable development for all countries around the world.”

Commenting on this occasion, Ahmed Al Sayegh, Minister of State, stressed, “The UAE is a global hub for trade and economic development, with a foreign policy focused on supporting long-term economic prosperity. The country adopts innovative strategies, and is working to build an economy based on knowledge and diversity, reinforced by scientific and technological progress.”

“We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world.”        President H.H. Sheikh Mohamed bin Zayed

Al Sayegh emphasised, “Over the past five decades, the UAE has worked to strengthen international partnerships. Its membership in BRICS reflects the country’s open approach to reinforcing collaboration with international economic institutions. The UAE is moving rapidly to enhance the competitiveness and sustainability of its economy while exploring new opportunities.”

For her part, Reem Al Hashimy, Minister of State for International Cooperation, said, “We are pleased to join the BRICS group, which the UAE recognises as a mechanism to promote global peace, stability, and prosperity.”

Al Hashimy concluded, “The UAE believes in championing multilateralism and actively contributing to important international arenas. This includes engaging with BRICS, participating regularly in the G20 process, and hosting the Conference of the Parties to the UN Framework Convention on Climate Change (COP28) climate conference in November.

“The UAE stresses that the future of global security and prosperity relies on strong multilateral partnerships and cooperation on the international level, and a shared commitment to achieving stability and development.”

ALSO READ: UAE Govt Teams Up with Mastercard for AI Adoption

[soliloquy id="31272"]
[soliloquy id="31269"]

Leave a Reply

Your email address will not be published. Required fields are marked *