Page 375 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:26 PM UAE foreign trade hits $1.42 trillion in 2024 despite global uncertainties | The National
Trump policies on trade

The UAE's expansion of trade ties comes as push for tariffs by US President

Donald Trump has dented prospects of global trade growth this year and added

uncertainty to the global economic outlook. Washington's insistence on heavy

duties on its trade partners has also soured investment sentiment.

Last week, the World Trade Organisation said new tariffs and uncertainty has

added “severe downside risks” to global trade. The WTO currently predicts global
goods trade to fall by 0.2 per cent this year after previously forecasting it to grow

by 2.7 per cent.

“The UAE’s achievements reflect its strategy of innovation and diversification,

positioning it to navigate a forecast 0.2 per cent decline in global merchandise

trade in 2025,” the UAE Government Media Office statement said.

“Contributing to a 1.6 per cent regional GDP growth in 2024, with projections of 3.2

per cent in 2025 and 3.5 per cent in 2026, the UAE remains resilient. Its economic

policies, strategic location, and advanced infrastructure solidify its role as a global

trade hub.”

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