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The value of UAE non-oil exports amounted to 190 billion dirhams against 60 billion dirhams 10 years ago, the tangible growth rates reflecting the validity of policies to increase the capacity of the country. Export of UAE, especially non-oil goods. Undersecretary of the Ministry of Economy for Foreign Trade Affairs and Chairman of the Committee, with the participation of a selection of representatives of the Federal and Local Committee members and traders, Abdullah Al Saleh, Vice-President Minister of Foreign Affairs. The main economic developments in the national and international markets, the opportunities and challenges they pose and their impact on international trade routes, export and import markets, as well as the products they produce. more important on the world market. (19659002) The Agenda of the Meeting
The agenda of the meeting included follow-up mechanisms for the implementation of the National Initiative for the Development of Non-oil Exports "launched in 2015 to boost non-oil trade and facilitate the export and re-export process and support domestic exports, thus strengthening the contribution of this vital sector to the country's GDP by the determinants of the UAE 2021 vision
In addition to UAE investments abroad, which cover more than 100 countries in the world, the UAE has a number of competitive advantages, and the creation of
Mohamed Nasser Hamdan Al Zaabi, Director of the Department of Trade Promotion of the Ministry of Economy, Aisha Al Kubaisi, Director of the Department of International Organizations and Politics of As Outside the Ministry as well as representatives of the Ministry of Economy and Trade. Ministries of Foreign Affairs and International Cooperation, Finance, Energy and Industry, Emirates Authority for Standardization and Metrology, Federal Authority for Competitiveness and Statistics, Federal Customs Administration, Dubai Trade Foundation,
Market Developments
Juma al-Kait, Deputy Undersecretary of Foreign Trade, said the successive developments in the commercial and economic markets and stresses the importance of efforts to diversify economic sectors and productive capacities and open new markets to ensure the continuity and sustainability of economic growth.
Increase export capacity and strengthen the competitiveness of domestic exports in foreign markets The economic agenda of the UAE, where foreign trade is one of the most important economic fundamentals of the country, is a major focus of development for the next stage, including the infrastructure and legislative flexibility of the state and the best international standards. And bilateral relations with most countries of the world and signing many cooperation agreements that meet the requirements of market access and facilitate trade and investment.
Alkate added that the UAE has managed to consolidate its position in the world trading system, in the last five years its first position in the Arab world on the level of exports and its ranking among the top 20 global exporters since ten years.
The government spares no effort to adopt and support local or regional initiatives for potential and commercial development The most important is the initiative of the "New Silk Road", "The Belt and the Road ", connecting more than 65 countries in the world, as well as state efforts to fight against dumping and protectionist measures on exports from the United Arab Emirates. In the world markets.
He pointed out that in light of the current challenges facing the international trade sector, some countries tend to impose protectionist regimes and other measures taken by d & # 39; other countries with precautionary measures, which jeopardize international trade,
Al Kait reviewed the UAE's progress in the world according to the report of the Organization, published in April 2018, where it advanced 4 centers in exports of goods and became the 15th in the world and progressed Enveloped Imports in the world rank 18th in the world and, in the case of EU countries (28 countries), the UAE is ranks as the 10th largest exporter of commodities and 12% of world merchandise imports.
Total World Commodity Exports in 2017 and 1.5% of World Commodity Imports for 2017. According to the report, the UAE accounted for more than 37% of its total merchandise exports and nearly % of its total merchandise imports.
He continued to recognize the vital importance of continuing to work to enhance the state's export capabilities and strengthen its position in the global trading system, the National Initiative for the development of non-oil exports requires the adoption of several mechanisms through the concerted efforts of various federal and local agencies and representatives of the private sector. And increasing the contribution of foreign trade to GDP.
Promoting Exports
The Work to Enable UAE Exports to Enter New and Emerging Markets, Avoiding the Risk of Geographic Concentration Recent Developments and Challenges
The Meeting reviewed developments The most important economic opportunities in local and international arenas and the opportunities and challenges they pose and their impact on the international trade routes and the export and import markets. The UAE's non-oil exports in recent years, the country's rankings in the WTO reports, the most important commodity data on the non-oil export list and the geographical concentration over the past few years. Last year and ongoing efforts to diversify the import markets
The most important commodities on the country 's non – oil export list, which are highly competitive in world markets, including oil – based products. aluminum, namely aluminum alloys, which ranks the UAE as the main world exports,, and also iron and steel and articles thereof.
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