Page 345 - MOE ENGLISH PR REPORT - AUGUST 2024
P. 345

Despite a global trend of slowing trade growth, which averaged just 1.5 percent in the first half of
               this year, the UAE's performance stands out. Dr. Al Zeyoudi attributed this resilience to strong
               public-private partnerships and collaborative growth with emerging economies.
               CEPA Programme Impact

               Dr. Al Zeyoudi highlighted the importance of the Comprehensive Economic Partnership Agreement
               (CEPA) programme in achieving these record results. Bilateral trade with CEPA partners India and
               Türkiye grew by 15 and 9.8 percent respectively, now accounting for 11.7 percent of the UAE's total
               foreign trade.
               "As we continue to expand and finalise more CEPA deals," he said, "we anticipate further growth,
               steering us toward our ambitious target of AED4 trillion in non-oil foreign trade by 2031."

               "As we look to the future," Dr. Al Zeyoudi concluded, "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."























































               https://www.onearabia.me/business/uae-non-oil-foreign-trade-hits-record-high-011-62909.html
   340   341   342   343   344   345   346   347   348   349   350