Category: UAE – United Arab Emirates

Country  United Arab Emirates

Profile: Middle Eastern federation known for its modern cities, luxury shopping, and oil wealth.
Export-Import Data: Exports petroleum, petrochemicals, and tourism services. Imports machinery and consumer goods.
Trading Partners: China, India, United States.
Future Opportunities: Economic diversification, renewable energy projects, and tourism development.

Mar 28

UAE and Costa Rica begin Cepa talks to strengthen trade ties

The UAE and Costa Rica have started Comprehensive Economic Partnership Agreement negotiations to strengthen their trade ties. The move comes as the Arab world’s second-largest economy forges ahead to develop closer trade and investment relations with partners around the world. The UAE has already signed four Cepa deals with India, Israel, Indonesia and Turkey, and is close to finalising new agreements with Cambodia and Kenya. It also recently concluded negotiations for a new trade deal with Georgia. “Today, through the Read Full Details…

Feb 14

After free trade pact, 80% of exports to UAE to be duty free

India is likely to export at least 80% of its products to the UAE duty-free once the bilateral free trade pact comes into effect. The country would be able to export textiles worth an additional $2 billion in the next two years and treble the plastics exports to the UAE under the Comprehensive Economic Partnership Agreement (CEPA), which the two sides will sign on Friday, said people aware of the matter. Source : economictimes.indiatimes.com/ For More Details

Feb 09

Hong Kong and United Arab Emirates set to commence talks on bilateral free trade agreement, city leader John Lee says

Hong Kong and the oil-rich United Arab Emirates (UAE) are set to commence negotiations on a bilateral free trade agreement to boost investment ties between the two economies, the city’s leader has announced during his visit to Dubai.Memorandums of understanding (MOUs), meanwhile, have been exchanged between Hong Kong Science and Technology Parks Corporation and its counterpart in the Emirates, as well as between a local architectural firm, a home-grown tech start-up and an Abu Dhabi smart city operator. Chief Executive Read Full Details…

Jan 27

UAE expects digital assets to ‘play a major role’ in international trade

The United Arab Emirates (UAE) has indicated an interest in exploring virtual currencies for international trading as it aims to reduce its dependency on the U.S. dollar. UAE’s Minister of State for Foreign Trade, Thani Al-Zeyoudi, told Bloomberg that the country would be pivoting to digital assets in 2023 after making significant headway in their regulation over the last few months. Al-Zeyoudi disclosed this at the recently concluded World Economic Forum (WEF) in Davos with policymakers and business leaders in Read Full Details…