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5/1/24, 3:49 PM UAE Minister of State for Foreign Trade Thani Al Zeyoudi holds talks with Estonia's Minister of Economic Affairs and ICT to strength…
Abu Dhabi [UAE], April 27 (ANI/WAM): Thani Al Zeyoudi, UAE Minister of

State for Foreign Trade, held talks with Tiit Riisalo, Estonia's Minister of Economic

Affairs and Information Technology, in the UAE today to further develop the trade

and investment relationship between the two nations.

The discussions centred on identifying sectors of particular promise, with a focus on

increased collaboration in digitisation, advanced technologies, AI and health-tech.

In 2023, bilateral trade between the UAE and Estonia increased by 76.2 percent,

reaching a total value of USD 176.3 million compared to USD 100.1 million in

2022.

The meeting between Al Zeyoudi and Riisalo provided an opportunity to discuss

how to build on this momentum and reaffirm both nations' commitment to stronger,

deeper economic ties and to open, rules-based trade. Both parties expressed their

satisfaction with the bilateral trade volumes and pledged to explore new avenues for

collaboration to capitalise on the growing interest in each other's markets.

Key areas of discussion included exploring opportunities for diversification of trade

products and sectors, enhancing trade facilitation measures, and fostering closer
cooperation, not only in advanced technology but also food security and sustainable

development.

Al Zeyoudi stated, "Estonia is an EU country with significant potential for the

UAE, with an economy projected to return to robust growth in the coming years.

This is reflected in increasing bilateral trade flows in 2023, and we see many

mutually beneficial opportunities to expand on these numbers and establish wider

collaboration in areas such as AI, digital healthcare and food security. The UAE is

committed to providing a conducive business environment to facilitate trade

opportunities for Estonian businesses seeking to leverage the UAE's connectivity

and logistics infrastructure to expand to markets in the Arab world, Asia and Africa.

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