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5/30/24, 8:36 AM UAE and Korea look to boost $5.3bn trade ties - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
experiences and objectives. It allows our private sectors to discover new opportunities
for investment and cooperation, and expand and strengthen economic cooperation

between our two countries.

“Our government will continue to support these endeavours and work to ensure that

bilateral relations produce tangible results long into the future.”

Abdulla Mohammed Al Mazrouei, Chairman of the Federation of the Chambers of

Commerce and Industry, said: “The UAE and the Republic of Korea have developed a
remarkable strategic partnership, fuelled by closely aligned development ambitions

that place knowledge and innovation at the heart of our futures, with investment in
education and human resources a key priority.

“This is reflected in both increasing trade volumes and the increase in bilateral
investment flows, which now span a diverse set of economic sectors, including metals,

manufacturing, logistics, and information and communications technology. We look

forward to expanding economic cooperation and further strengthening what is already
a robust relationship.”

While in Seoul, Dr. Al Zeyoudi also held talks with Korean Minister of Trade Inkyo

Cheong where the two sides discussed ways to build on the $5.3bn in non-oil trade the

nations shared in 2023, which maintained the record levels achieved in 2022.

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