Officials in the Ministry of Finance of the United Arab Emirates have published a statement saying that the BRICS group has embodied the country's commitment to multilateralism and constructive dialogue with the aim of supporting development, prosperity and well-being for countries around the world.

According to Amac News: The announcement of the Ministry of Finance of the UAE states that this move is in line with the long-term approach of the United Arab Emirates in establishing partnerships with countries, international organizations and institutions to promote the competitiveness and stability of the economy and discover new growth opportunities.
Younis Haji Al Khoori, Deputy Minister of Finance of the United Arab Emirates emphasized that the UAE's strategic partnerships have effectively showcased its key initiatives at the global level.
He added that joining BRICS with the vision of "We Emirates 2031" is important and vital to strengthen the role of the UAE as a strategic partner in promoting global economic cooperation.
Al Khoori said that the UAE's membership in BRICS will strengthen efforts to establish balanced economic relations, promote sustainable national economic growth and consolidate its position in emerging and developing markets.
He added that this membership includes numerous projects and initiatives with other BRICS countries and long-term partnerships with international organizations, including the World Bank Group and the International Monetary Fund, to promote balanced prosperity around the world.
He stated that the UAE's leadership in strengthening international trade cooperation was highlighted by hosting the 13th Ministerial Conference of the World Trade Organization in February 2024.
This has led to comprehensive economic partnership agreements that strengthen the UAE's role in global trade and increase its capacity to support regional and global economic growth.
Al Khoori explained that the UAE aims to strengthen economic cooperation with BRICS countries by identifying opportunities to boost trade, promote financial stability and support sustainable development goals.
Through its membership in BRICS, the UAE seeks to play a leading role in shaping initiatives that strengthen its position in global economic cooperation and support economic multilateralism.
Al Khoori said that the UAE aims to balance global policy priorities with the needs of the global south. Committed to inclusiveness and equity in the global economic landscape, the UAE strives to ensure that international policies effectively take into account the interests and perspectives of developing countries.
This program will advance the development agenda of the new development bank on emerging markets and developing countries where the bank is a key tool for advancing BRICS development priorities.
He highlighted the success of Soraya Hamed Al Hashemi, Director of International Financial Relations and Organizations of the Ministry of Finance, as the first Emirati and Arab woman to join the Board of Directors of New Development Bank.
Referring to the UAE's participation in the BRICS financial path, Al Khoury noted that the Ministry of Finance has activated the UAE's BRICS financial path team. The ministry's efforts have enabled the UAE to effectively engage with the BRICS chair countries, particularly in a series of meetings at the ministerial and technical levels.
Regarding financial cooperation mechanisms with BRICS countries, Al Khoury said the UAE seeks to bridge cooperation to achieve common goals including financial stability, growth, sustainable development, and strengthening trade and financial cooperation to support economic growth in the global south. .
It aims to support these efforts through the exchange of knowledge to help create a global economic and financial framework that upholds the highest standards of equity, balance, representativeness and inclusiveness based on the principles of economic multilateralism.
Al Khoury emphasized that the UAE is exploring cooperation with BRICS in tax and customs matters, including mutual administrative assistance in customs, data exchange, cooperation in training centers and technical cooperation in tax administration to enhance tax digitalization.
He pointed out that strengthening relations with BRICS countries aims to increase the flexibility of the financial sector of the UAE through technological and structural improvements that increase the efficiency of financial institutions. This includes maintaining the UAE's strong financial position, supported by a flexible legal framework and advanced digital infrastructure.
Al Khoury emphasized the economic importance of BRICS and stated that the expansion of BRICS membership in 2024 has significantly increased the economic status of the group, which now accounts for about 45 percent of the world's population and 25 percent of global exports.
He emphasized that the UAE's membership in this group is an exceptional opportunity to create broad economic, trade and investment prospects with the member countries, which will contribute to the long-term sustainable economic growth of the UAE and strengthen its position as a leading global economic hub.