Page 273 - MOE ENGLISH PR - APRIL 2024

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. We believe we can support each
other’s economic ambitions in the years ahead.”
Riisalo expressed his appreciation for the UAE’s efforts in promoting bilateral
trade and welcomed the opportunity to deepen cooperation between the two

nations. He emphasised Estonia’s strengths in areas such as digital
innovation, e-commerce, and clean technology, which present promising
avenues for collaboration with the UAE.
The meeting concluded with both parties expressing optimism about the future
of bilateral trade relations and agreeing to work closely together to unlock new
opportunities for economic growth and prosperity.
Al Zeyoudi and Riisalo reiterated their commitment to fostering a strong and
enduring partnership that benefits businesses and citizens of both nations.
(ANI/WAM)

https://thenewsmill.com/2024/04/uae-minister-of-state-for-foreign-trade-thani-al-zeyoudi-holds-
talks-with-estonias-minister-of-economic-affairs-and-ict-to-strengthen-bilateral-trade-ties/