Page 554 - MOET ENGLISH PR REPORT - JULY 2025

7/10/25, 3:51 PM UAE and Cuba hold first session of their Joint Economic Committee
The UAE and Cuba reaffirmed their shared commitment to increasing trade flows and investment
exchanges between Emirati and Cuban business communities. This also includes exploring
opportunities in advanced economic sectors biotechnology, healthcare services, renewable energy,
tourism, agriculture, and manufacturing. Both parties proposed hosting joint meetings, seminars, and

workshops involving investors, investment promotion agencies, and investment firms to facilitate
investment in priority sectors and leverage the incentives offered by both countries.

Entrepreneurship and Start-ups

Both nations emphasised the importance of advancing economic cooperation through the development

of partnerships in the entrepreneurship and start-up ecosystem. This aims to accelerate the growth of
small and medium-sized enterprises (SMEs), increase their investments, support their international
expansion, and increase their contribution to national GDPs.

Food Security and Agriculture

Food security and agricultural cooperation were identified as key priorities. The two sides agreed to
enhance trade in food commodities and agricultural products, and collaborate on sustainable farming

practices, food processing, and agricultural technology in the coming period.

Tourism

The UAE and Cuba underscored the potential of tourism as a pillar of bilateral relations. They highlighted
organising joint tourism exhibitions, events, and conferences in the coming period to showcase the two

countries’ major tourist attractions and historical landmarks. The cooperation will also involve sharing
expertise on tourism development, compilation of tourism statistics, and digital innovations and
technologies to enhance sector competitiveness.

UAE-Cuba Trade and Investment Exchanges

Non-oil trade between the UAE and Cuba continues to gain momentum, surpassing USD 39.1 million in
2024, indicating an increase of over 2 per cent from 2023 and 46.4 per cent growth compared to 2022. In

Q1 2025 alone, bilateral non-oil trade grew by 5.6 per cent compared to Q1 2024 and over 25 per cent
from Q4 2024. Currently, more than 825 Cuban brands are actively operating within UAE markets.

For further information, please contact:
Orient Planet Group (OPG)

Email: media@orientplanet.com
Website: www.orientplanet.com

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