Page 87 - ETIHAD CREDIT INSURANCE PR REPORT - AUGUST 2024

8/22/24, 2:08 PM Abu Dhabi Chamber reports 23.8% year-on-year increase in the issuance of certificates of origin
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 ties the UAE has
formed via CEPAs, insights into UAE trade data, and the UAE’s most important initiatives for promoting
international trade.

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