UAE Finalizes 37 Economic Deals
His Excellency Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, confirmed that the country has so far signed 37 comprehensive economic partnership agreements, of which 18 have entered into force. He indicated that negotiations are ongoing with approximately 20 additional countries, aiming to enhance the flexibility of foreign trade and to establish the UAE as a leading global trading power. It is expected that new agreements will come into force within the next two to three months with countries from the Eurasian group. Negotiations are also progressing well with countries such as Canada, Rwanda, Ghana, and Zambia, while talks with Bangladesh and Peru are making good progress. Furthermore, the UAE has demonstrated a high level of efficiency in the logistics sector despite geopolitical challenges. This includes the establishment of projects to strengthen ports and land transportation, which contributed to sustaining trade growth that reached approximately 1.5 trillion dirhams in the first half of the year—a growth rate of about 13.1%. Non-oil exports increased by nearly 24%, while efforts continue to develop logistic corridors and expand infrastructure to enhance the sector’s capacity.
Notice: This Is an AI-Generated Summary
Comments (0)