Tuesday 29 June 2021
The UAE Cabinet has approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase the UAE's foreign trade, promote Emirati products, and access new markets.
The UAE is among the top 20 countries in foreign trade indicators and has a developed economic structure that is capable of coping with the changing global economy. The new plan aims to access 25 new markets.
The UAE's non-oil trade exceeds AED 1.5 trillion. Non-oil sectors contribute more than 70% of the national economy. The aim is to increase exports by 50% in the coming years.
The agenda seeks to meet the needs of national companies and exporters, as well as take the necessary measures to reinforce the UAE's leading position as the regional and international hub for re-exports.
The agenda also aims at increasing UAE exports by opening new international markets with the aim of supporting the country's foreign trade and enhancing the growth in 14 sectors to ensure a greater presence of Emirati goods in global markets.