Page 276 - MOE ENGLISH PR REPORT - MARCH 2025

3/19/25, 12:52 PM UAE, European Union Strengthening Trade Relations, Promoting Investment Opportunities - UrduPoint
The EU is the UAE’s second-largest global trade partner, sharing $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, 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, 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, Ahmed Al Sayegh said that closer ties are essential to navigating a

challenging global economy. “The UAE has long recognised 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.

https://www.urdupoint.com/en/middle-east/uae-european-union-strengthening-trade-relat-1947022.html 2/2