Page 66 - ETIHAD CREDIT INSURANCE PR REPORT - AUGUST 2024

8/22/24, 2:20 PM Abu Dhabi Chamber Reports 23.8% Year-On-Year Increase in the Issuance of Certificates of Origin - Biz Today
Through its strategic plans, initiatives, partnerships, services, projects, and diverse programs,
the Abu Dhabi Chamber aims to bolster these national efforts to increase foreign trade volume

and enhance the local business ecosystem, thereby attracting more investments to the Emirate
of Abu Dhabi. The Chamber has seen a 20.6% year-on-year increase in the number of

companies registered through its membership, underscoring the effectiveness of the Chamber’s
initiatives and their contribution to fostering a business-friendly environment and the expansion
of international trade.

Diverse Global Scope

The paper revealed that the patterns of exporting non-oil goods from the UAE now encompass a
diverse global scope, with Asia emerging as the leading export destination, followed by the

European Union and North America. Other notable regions include the European Free Trade
Association (EFTA) and Africa, along with significant growth in the UAE’s exports to South

America, Eastern Europe, Oceania, and Central America.

As of July 2024, the UAE has signed 12 Comprehensive Economic Partnership Agreements
(CEPAs) with various countries at regional and global levels, with ongoing discussions to
establish new agreements with promising and vital markets.

The paper explains that the development of UAE exports can be influenced by numerous

economic motivators, which can be classified into four main groups, including policies to support
companies and thereby increase exports and attract investments, promotional operations and

efforts undertaken by the government, direct and indirect financing and financial incentives
provided to exporters, and facilitation initiatives to remove obstacles or barriers to trade and
increase the exports of goods and services.

The partnership between the Abu Dhabi Chamber and the ECI supports major manufacturers,

exporters, and re-export operations in the UAE by providing a comprehensive system for export
growth. The ECI offers innovative credit solutions that facilitate access to financing, provide
valuable market insights, enhance strategic cooperation, and boost the export capabilities of

UAE industries. This collaboration contributes to economic diversification and the achievement of
sustainable development.

The report issued on the research paper covers four main points: an overview of the general
framework of strategic UAE companies and exports, an overview of the established economic

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