UAE broadens global trade footprint
The United Arab Emirates is working to expand its presence on the global trade map by strengthening its network of comprehensive economic partnership agreements with multiple markets across Asia, Europe, and Africa. The aim is to diversify markets and increase export capacity. Since 2021, the country has signed 38 agreements, and its non-oil foreign trade recorded unprecedented figures, reaching 1.937 trillion dirhams in the first half of 2026, with non-oil exports growing to approximately 452.8 billion dirhams. The agreements focus on reducing customs tariffs and facilitating the access of Emirati products to open new markets, thereby enhancing the industrial sector's export capabilities and consolidating the UAE's position as a global trade hub.
Notice: This Is an AI-Generated Summary
Comments (0)