UAE Extends Global Trade Reach
The United Arab Emirates is working to expand its network of comprehensive economic partnership agreements, having concluded 38 agreements since September 2021 with markets in Asia, Africa, and Europe. The goal is to strengthen trade understanding and reduce customs duties, which has contributed to a record increase in non-oil foreign trade, amounting to 1.937 trillion dirhams in the first half of 2026. The agreements focus on diversifying trading partners and supporting UAE exports, especially by enhancing understandings with countries such as India, Kenya, Ukraine, and Serbia, as well as facilitating investments in sectors like agriculture, renewable energy, and logistics. These objectives are accompanied by significant growth in non-oil trade and export volumes, bolstering the UAE’s position as a global hub for trade and investment. It is expected that this will open up a broader range of opportunities for Emirati companies to strengthen their presence in emerging and developed markets.
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