Page 316 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

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2/20/25, 4:04 PM UAE and Argentina explore new investment opportunities at economic seminar in Abu Dhabi
The UAE-Argentina seminar concluded with a commitment from both nations to continue strengthening
economic collaboration, exploring joint investment projects, trade partnerships, and new areas of
cooperation in the years ahead. It builds on growing non-oil trade that reached US$537.1 million in 2024,
a 68% increase from 2019. Major Argentinian exports to the UAE include corn, iron pipes, and soybean

products, reflecting Argentina’s strength in agricultural and industrial goods. Meanwhile, the UAE
exports high-value machinery and tools, supporting Argentina’s growing manufacturing and technology
sectors.

In 2018, the two nations took a significant step towards deepening investment ties with the signing of a

Bilateral Investment Treaty (BIT), reinforcing a shared commitment to fostering a transparent and secure
investment environment for businesses in both countries. The UAE also continues to explore closer
engagement with South American countries, including Argentina, through direct discussions with
Mercosur, the South American trade bloc, to enhance market access and trade flows across the region.