Page 275 - MOE ENGLISH PR - APRIL 2024

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

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.

in February 2024, the Ministry of Climate Change and Environment (MoCCAE) signed a
memorandum of understanding (MoU) with the Ministries of Climate and Regional Affairs

and Agriculture of the Republic of Estonia today. This agreement aims to strengthen joint
efforts in managing food resources and embrace technology-driven solutions in these

critical areas.

https://bazaartimes.com/uae-and-estonia-strengthen-trade-relations/