Page 592 - MOE ENGLISH PR REPORT - FEBRUARY 2024

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ABU DHABI, 18th February, 2024 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of

State for Foreign Trade, stressed that the forward-looking vision of the wise leadership to

expand the network of trade and investment partners was significantly reflected in the UAE’s

non-oil foreign trade of goods and services, which continued to record unprecedented

historical numbers at the end of 2023, exceeding over AED3.5 trillion.

“This is a genuine milestone for our nation. The expansion of foreign trade is a pillar of the

UAE’s economic strategy, a driving force of growth and diversification and a catalyst for
sectors that focus on innovation, knowledge, and advanced technology,” he added.

Dr. Al Zeyoudi hailed these result as “particularly notable”, as they came amid a 5 precent

decline in global trade in the first half of 2023, and an 8 percent fall in exports in the third

quarter.

“The continuing upward trend in the UAE's non-oil foreign trade is a clear reflection of the

national vision of a dynamic, diversified economy that is open to the world,” he said.

Dr. Al Zeyoudi noted that through the Comprehensive Economic Partnership Agreement

(CEPA) programme, the UAE has been purposefully expanding its network of trade partners

around the world, securing stronger ties with like-minded nations to enhance market access

and deliver new opportunities for exporters, industrialists, investors and entrepreneurs.

“Our non-oil trade with Türkiye perhaps best illustrates the impact of our CEPAs on our trade

relations," Dr. Al Zeyoudi said, adding that bilateral non-oil trade surged 103.7 percent in

2023, the fastest growing of our top 10 trading partners, and accounting for 5.1 percent of the

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