Page 294 - MOE ENGLISH PR REPORT - AUGUST 2024

8/27/24, 2:55 PM UAE non-oil foreign trade continues to set new milestones: Thani Al Zeyoudi - Eye of Dubai
“Moreover, our performance defies the global trend of slowing trade growth, which averaged just 1.5 percent in the first half
of this year. This achievement shows the UAE economy’s resilience, which is the result of our steadfast commitment to
building strong, productive public-private partnerships as well as fostering collaborative growth with emerging global

economies," he added.

Importantly, it’s clear that our Comprehensive Economic Partnership Agreement (CEPA) programme is playing a central role in

achieving these record results, Dr. Al Zeyoudi stated. He stressed that bilateral trade with CEPA partners India and Türkiye
grew 15 and 9.8 percent respectively, and, together, now account for 11.7 percent of the UAE's total foreign trade.

“As we continue to expand and finalise more CEPA deals, we anticipate further growth, steering us toward our ambitious
target of AED4 trillion in non-oil foreign trade by 2031.” he further said.

“As we look to the future, we will ensure that the UAE continues to leverage the power of trade to drive sustainable, long-
term economic growth and prosperity for our nation," Dr. Al Zeyoudi concluded.

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