Page 294 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 10:43 AM UAE’s Non-Oil Foreign Trade Reaches AED3 Trillion in 2024, Marking a 14.6% Growth
to reach AED561.2 billion. Exports now account for 18.7% of total trade, up from 16.8%
in 2023 and 14.1% in 2019.

The minister attributed this progress to the UAE’s diversification efforts, including
investment in emerging economic sectors and the expansion of export markets.

“The expansion of foreign trade is the centrepiece of our national economic strategy,”

he stated, emphasizing the role of the Comprehensive Economic Partnership
Agreement (CEPA) program in boosting trade ties.

In 2024, total exports to CEPA partner countries reached AED135 billion, marking a
42.3% increase. India and Türkiye emerged as the leading destinations for non-oil
exports. Dr. Al Zeyoudi reaffirmed the UAE’s commitment to expanding trade
partnerships, stating,

“We look forward to adding more CEPA partners in 2025 and beyond to share in this
success.”

The record trade figures reinforce the UAE’s position as a global trade hub, reflecting
its dynamic and resilient economy that remains open to international business, talent,
and investment.

News Source: Emirates News Agency

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