Page 181 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)
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"With a foundation built on trade and co-operation, we are well-positioned to explore new avenues
for investment and collaboration. The signing of this MoU [memorandum of understanding] is a
testament to our commitment to enhancing bilateral relations and unlocking the significant
potential that exists between our two countries.”
Non-oil trade between the UAE and Ireland reached $1.1 billion in 2024 up from $694 million in
2019.
“The Joint Economic Commission will give a new forum for further collaboration in areas such as
trade and investment, aviation, education and research, renewable energy and green technology,
health care and life sciences," said Niamh Smyth, Irish Minister for Trade Promotion, AI and Digital
Transformation.
"Once fully established, it will serve as a vehicle to enhance internal co-operation and co-
ordination, strengthening Ireland’s partnership with one of the most dynamic economies in the
world, and one with huge potential for increased bilateral trade and investment.”
News of the joint economic commission come on the same evening as President Sheikh Mohamed
announced that the UAE and the EU, of which Ireland is a member state, have agreed to begin talks
on a potential trade deal.
https://www.msn.com/en-ae/news/national/uae-to-establish-joint-economic-commission-with-
ireland/ar-AA1CGEci?ocid=BingNewsSerp
