The UAE participated at G20 Summit

The UAE participated at G20 Summit

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  • The UAE participated as a guest country at G20 Summit

The UAE participated as a guest country at G20 Summit in New Delhi on September 9–10, 2023

The G20 countries are the UAE's largest trading partners. In 2022, non-oil trade between two sides reached $341 billion – 55% of the UAE's total foreign trade.

India, UAE and Saudi Arabia announced the creation of the India–Middle East–Europe Economic Corridor (IMEC), aimed to:

  • Boost trade
  • Enhance integration between countries
  • Reduce shipping costs

The UAE has joined the Global Biofuel Alliance (GBA), launched by India to:

  • Take ethanol blending with petrol up to 20% or work on another mix
  • Develop the use of biofuels to achieve net zero emissions
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