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UAE participates in SelectUSA

Investment Summit

ANI | Jun 27, 2024, 08.09 AM IST

WASHINGTON: Thbin Ahmed Al Zeyoudi, minister of state for foreign trade,
has visited Washington DC for talks with Gina Raimondo, US secretary of

commerce, to discuss strengthening bilateral trade and investment ties.
Dr. Al Zeyoudi, accompanied by Yousef Al Otaiba, United Arab Emirates

ambassador to the United States, also led the UAE delegation of government
officials and business leaders to the 10th SelectUSA Investment Summit, an

event that promotes and facilitates business investment in the US, to explore
expanding opportunities for the UAE private sector.

During his meeting with secretary Raimondo, Al Zeyoudi reaffirmed the

importance of economic relations with the US, which is the UAE's third-largest
global trade partner and accounts for 27% of America's non-oil trade with the
Arab World.

In 2023, the two nations shared bilateral trade worth US $40 billion, a 20.1%

increase on the previous year and 50.2 percent growth compared to 2019. The
pair discussed areas of mutual interest, including the ongoing collaboration on

renewable energy development.

At the SelectUSA Investment Summit, which is hosted by the US department of

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