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UAE’s non-oil foreign trade hits record AED 3.5 trillion in 2023


Sunday, 18 February 2024 11:39

By ARN News Staff


His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has touted the country’s achievements in non-oil foreign trade as it reached a record high of AED 3.5 trillion ($952.93 billion) in 2023.

Taking to his official social media channels, Sheikh Mohammed said the UAE delivered on its promise of making 2023 a “record economic year” despite the UN reporting a “global decline in international trade”.

Sheikh Mohammed added how the country established “new bridges of cooperation”, with “foreign trade with the 10 most important trading partners (jumping) by 26 per cent, with Turkey by more than 103 per cent, with Hong Kong-China by 47 per cent, and with United States by 20 per cent… within just one year”.

“The UAE today is at the heart of the international trade movement,” His Highness stressed, adding that the country’s “motto will remain that we say what we do and do what we say”.

 





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