Page 612 - MOE ENGLISH PR REPORT - FEBRUARY 2024

2/22/24, 5:18 PM Forward-looking vision of wise leadership reflected in UAE's non-oil foreign trade: Al Zeyoudi

NEWS HOME » WORLD

Forward-looking vision of wise leadership
reflected in UAE's non-oil foreign trade: Al
Zeyoudi

COMMENT

Asia | February 18, 2024 11:23:25 PM IST

Abu Dhabi [UAE], February 18 (ANI/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.

Al Zeyoudi hailed these results as "particularly notable", as they came amid a 5 per cent decline in global trade in the first half of
2023, and an 8 per cent 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.

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.

https://news.webindia123.com/news/Articles/World/20240218/4170105.html 1/2