Page 254 - MOE ENGLISH PR REPORT - MARCH 2025

3/20/25, 1:20 PM HE Al Zeyoudi and HE Al Sayegh meet EU officials in Brussels, Strengthening trade relations between the UAE and the EU : GoDu…

HE Al Zeyoudi and HE Al Sayegh meet EU officials in Brussels,

Strengthening trade relations between the UAE and the EU

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UAE-EU bilateral non-oil trade in 2024 reached US$67.6 billion, which represents a growth of 3.6% compared
to 2023.
The EU is now the second-largest trade partner of the UAE, accounting for 8.3% of total UAE non-oil trade in

2024.
HE Al Zeyoudi: “The European Union is a highly valued trade and investment partner for the UAE, with ties
that continue to deepen across a range of sectors. This is evidenced not only by increasing trade exchanges
but also through strategic collaboration in areas such as food security, energy transition and advanced

technology.”

Brussels, Belgium – March 18, 2025: A UAE delegation including His Excellency Dr. Thani bin Ahmed Al Zeyoudi,

Minister of State for Foreign Trade, and HE Ahmed Al Sayegh, Minister of State, has visited Brussels, Belgium, for
meetings with senior European Union (EU) officials and members of the Belgian government to strengthen
economic ties, promote investment opportunities, and identity areas for further collaboration.

The EU is the UAE's second-largest global trade partner, sharing US$67.6 billion in non-oil trade 2024, a 3.6%
increase on 2023 and 18.1% more than was recorded in 2022. The EU now accounts for 8.3% of the UAE's total
non-oil foreign trade.

During talks with Maros Sefcovic, EU Commissioner for Trade and Economic Security, HE Al Zeyoudi reviewed the
key drivers behind the UAE's strong trade relations with the EU, particularly in advanced manufacturing, healthcare
and e-commerce. The two sides also identified opportunities for increased investment flows into high-growth sectors
such as logistics and renewable energy.

Highlighting the deep economic and business ties between the UAE and European Union, HE Al Zeyoudi said: “The
European Union is a highly valued trade and investment partner for the UAE, with ties that continue to deepen
across a range of sectors. This is evidenced not only by increasing trade exchanges but also through strategic

collaboration in areas such as food security, energy transition and advanced technology. Both sides believe there is
significant potential to maintain the positive trajectory of bilateral trade and investment flows – both on an EU-wide
level and with individual member nations. This week's meetings have underlined the benefits of doing so.”

For his part, HE Ahmed Al Sayegh said that closer ties are essential to navigating a challenging global economy.
“The UAE has long recognized the importance of constructive dialogue, particularly on matters of trade and global
supply chains. Both the UAE and the EU are committed to ensuring that trade remains open and accessible and this

week's meetings have enabled us to identify areas of collaboration that can preserve the free flow of goods and
services between our economies. We look forward to building on these foundations and ensuring we can deliver
prosperity for both our peoples.”

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