Saudi Arabia Takes Part in TIWG’s 3rd Meeting during Brazil G20 Summit 2024

Saudi Arabia participated in the 3rd Trade and Investment Working Group (TIWG) Meeting, held in Rio de Janeiro, Brazil, from June 27 to 28, on the sidelines of G20 Brazil Summit, reported the Saudi Press Agency (SPA).

The Deputy Governor of the General Authority of Foreign Trade (GAFT) for International Organizations and Agreements, Fareed bin Saeed Al-Asaly, headed the Saudi delegation that participated in numerous meetings during the flagship event.

The meeting discussed various topics of common interest such as:

  • Trade and sustainable development
  • Women’s participation in international trade
  • Sustainable development and investment agreements
  • Reforming the World Trade Organization by strengthening the multilateral trading system

Furthermore, the meeting featured a significant workshop designed to deeply investigate the opportunities and challenges to achieve the proper integration between trade and sustainable development goals.

2024 G20 Rio de Janeiro Summit

The G20 Leaders’ Summit will take place on November 18 and 19, 2024, in Rio de Janeiro.

The summit will bring together the leaders of the 19 member countries, the African Union and the European Union.

The Brazilian presidency officially commenced on 1 December 2023 under the theme of “Building a Just World and a Sustainable Planet”.

The summit has selected three main agenda priorities, as follows:

  • Social inclusion and fight against hunger
  • Energy transition and sustainable development in its social, economic and environmental aspects
  • Reform of the global governance institutions

Moreover, the summit will delve into the comprehensive reform of global institutions, such as the World Bank, International Monetary Fund, and the World Trade Organization.

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IMF: Saudi Arabia to be Second Largest among G20 in Economic Growth

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