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UAE foreign trade continues to set new milestones:

Al Zeyoudi

August 25, 2024 / 2:08 PM

Sharjah24 - WAM: Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that
the UAE has placed foreign trade at the centre of its economic agenda, recognising its pivotal role in
driving industrial output, enhancing the global competitiveness of its products and services, as well
as catalysing innovation.

He said, “As a direct result of this conviction, and guided by our leadership’s forward-thinking vision
and commitment to global collaboration, our non-oil foreign trade continues to set new
milestones.”

Dr. Al Zeyoudi noted that the value of the UAE's non-oil trade has remained on a robust growth
trajectory, reaching an all-time high of AED1.395 trillion in the first half of 2024 – the sixth
consecutive half-year period of foreign trade growth.

This new milestone marks an 11.2 percent increase in foreign trade compared to H1 in 2023, and
underscores the success of the UAE’s economic diversification strategies, he said, adding that this
is best embodied by the increase of the UAE's non-oil exports, which grew 25 percent compared to
H1 2023 to reach AED256.4 billion.

Dr. Al Zeyoudi emphasised that key sectors, including gold, silver, jewellery, oils, perfumes,
aluminium, copper wires, and iron products, have led this impressive surge in non-oil exports,
demonstrating the country's enhanced global competitiveness. “Our re-export operations also

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milestones-Thani-Al-Zeyoudi