Page 613 - 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
"Our non-oil trade with Turkiye perhaps best illustrates the impact of our CEPAs on our trade relations," Al Zeyoudi said, adding that
bilateral non-oil trade surged 103.7 per cent in 2023, the fastest growing of our top 10 trading partners, and accounting for 5.1 per
cent of the UAE's total foreign trade. Notably, during the last five months of 2023, which coincides with the implementation of the

CEPA, Turkiye received 60 per cent of the UAE non-exports.

In total, the value of non-oil foreign trade with the UAE's CEPA partners, both those implemented and those nearing conclusion,

amounted to more than AED390.5 billion - a growth of 24.5 per cent compared to 2022, Al Zeyoudi added.

The Minister of State for Foreign Trade highlighted the international confidence in the UAE economy, noting that while the UAE's

trade in non-oil goods stood at AED2.574 trillion, a growth of 12.6 per cent compared to 2022, trade in services reached AED967
billion, another record - with AED587 billion of that services exports.

"This is an important area of opportunity for the UAE - and one on which we will focus in the years ahead to drive more growth," he
concluded. (ANI/WAM)

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