UAE Cabinet Approves National Agenda for Non-oil Exports and Trade
Chaired by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Cabinet approved the National Agenda for Non-oil Export Development.
The Agenda is an integrated framework for efforts to increase UAE's foreign trade, promote Emirati products and access new markets all over the world.
His Highness Sheikh Mohammed bin Rashid reaffirmed that the UAE is among the top twenty countries in foreign trade indicators and has a developed economic structure that is capable of coping with the changing global economy, stressing the continued support for the national economy to be among the top 10 economies in the world.
These remarks by Sheikh Mohammed came during the UAE Cabinet meeting, held at Qasr Al Watan in Abu Dhabi, in presence of H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
His Highness Sheikh Mohammed said: "We have adopted the National Agenda for Non-oil Export Development, a vital step aims at accessing 25 new markets. The UAE non-oil trade exceeds 1.5 trillion dirhams."
He added that non-oil sectors contribute more than 70% of the national economy, stressing that the UAE aims 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 leading position as regional and international hub for re-exports.
Among its objectives, 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 greater presence of Emirati goods in global markets.