The United Arab Emirates (UAE) aims to become a strategic centre for global trade by increasing its comprehensive economic partnership agreements by 2025. With this step, the UAE aims to expand its trade and investment partners and further reinforce the importance of free trade in economic growth and development. The programme aims to increase the country's non-oil trade volume, making the UAE an important logistics and investment hub for international trade.
These agreements make major contributions to sectors such as non-oil foreign trade, logistics, clean energy, advanced technology and sustainable agriculture. New collaborations are being formed in innovative areas such as artificial intelligence, blockchain, financial technology and renewable energy. In addition, these partnerships facilitate the UAE's access to global markets and support the development of trade within the framework of fair principles.
In 2024, the UAE's foreign trade gained great momentum. In the first six months, the trade volume reached 1.395 trillion dirhams, achieving double-digit growth rates compared to previous years. In line with the ‘We UAE 2031’ vision, the total value of non-oil trade is targeted to reach 4 trillion dirhams and exports 800 billion dirhams. The comprehensive economic partnership programme plays a key role in achieving these goals.
Since 2021, the UAE has signed 24 economic partnership agreements, strengthening trade ties with countries representing a quarter of the world's population. These agreements have not only increased the volume of trade, but also supported the UAE's economic diversification and sustainable growth by developing collaborations in areas such as innovative technologies, clean energy and healthcare.
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