UAE's First-Half Non-Oil Foreign Trade Reaches Unprecedented $381 Billion Mark
Sunday, 25 August 2024, 03:21
Significant Growth in Non-Oil Trade
In the first half of the year, UAE's non-oil foreign trade registered a historic high of Dh1.4 trillion ($381.5 billion) driven by enhanced Cepa deals. These agreements have facilitated greater exchange with key trading partners, reflecting the UAE's dynamic trade ecosystem.
Driving Factors Behind Trade Expansion
- Economic Partnerships: Strengthened ties with various nations, fostering mutual growth.
- Market Diversification: Expansion into new markets across Asia and Africa.
- Infrastructure Investment: Continued enhancement of logistics and commerce capabilities.
The UAE remains committed to expanding its trade horizons, positioning itself as a vital player in >global commerce.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.