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8/22/24, 2:21 PM Abu Dhabi Chamber reports a 23.8% year-on-year increase in the issuance of certificates of origin. | Gulf Press
Abu Dhabi Chamber reports a 23.8% year-on-year increase in the

issuance of certi cates of origin.

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Last updated: 2024/08/21 at 12:33 AM

The Abu Dhabi Chamber of Commerce and Industry, in partnership with Etihad Credit Insurance (ECI),
released a research paper highlighting a 23.8% year-on-year increase in the number of certi cates of

origin issued between January and May 2024 compared to the same period in 2023. This growth re ects
Abu Dhabi’s expanding exports and e orts to enhance trade opportunities and strengthen the UAE’s
global trade presence. The research paper identi ed the top 10 regional and global markets targeted for

exports by Abu Dhabi Chamber members, including Saudi Arabia, Kuwait, Oman, and the USA.

The study also revealed that the chamber’s initiatives have led to increased local commercial activity

and a rise in the number of new industrial companies registered with the Abu Dhabi Chamber. The
transportation and storage sector saw a remarkable 78% increase in the rst ve months of 2024

compared to 2023. Furthermore, the paper highlighted the total value of the UAE’s non-oil foreign trade
with countries under Comprehensive Economic Partnership Agreements (CEPA), surpassing AED390
billion by the end of 2023.

CEPAs have played a signi cant role in driving the UAE’s economic growth by providing Emirati

businessmen with access to new foreign markets, expanding Abu Dhabi’s export portfolio, and
facilitating the entry of Emirati exports into major markets like India, Indonesia, and Turkey. Various

products, including electronic equipment, machinery, metals, medicine, and vegetable oils, have been
exported to these markets. The paper also indicated that the patterns of exporting non-oil goods from
the UAE have diversi ed globally, with Asia as the leading export destination, followed by the European

Union and North America.

The UAE has signed 12 CEPAs with countries at both regional and global levels as of July 2024, with

ongoing discussions to establish new agreements with promising and vital markets. This indicates the
country’s commitment to enhancing its trade relations and expanding its presence in key markets

worldwide. The research paper underscores the importance of international trade agreements in driving
economic growth and diversifying the UAE’s export destinations. Emirati businesses continue to
leverage these agreements to access new opportunities and expand their reach in the global market.

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