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11/14/24, 12:37 PM UAE diamond trades to top $40bn this year with only India and US sparkling more - Arabian Business: Latest News on the Middl…
He said that the UAE’s foreign trade agenda is one of the main pillars of these ambitions,
working to raise the total value of non-oil trade to AED4tn ($1.1tn) by 2031, and increase
non-oil exports to AED800bn ($218bn) in the same period.
He pointed out that the UAE has adopted an ambitious strategy to enhance the diversity of
supply chains and create new market opportunities for the private sector in all sectors.
The Comprehensive Economic Partnership Agreements (CEPA) programme is one of the
main pillars of this policy, as it contributes to the consolidation of trade and investment
relations with key allies around the world, he added.
He also noted that the UAE’s non-oil trade reached AED1.4tn ($382bn) in the first half of
2024, an increase of 11.2 per cent compared to the same period in 2023, noting that this
continuous growth came amid global trade growth of only 1.5 per cent.
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