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2/22/24, 5:19 PM        Forward-looking vision of wise leadership reflected in UAE's non-oil foreign trade: Al Zeyoudi - www.lokmattimes.com
         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 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.






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