This 2024 UAE and Ecuador have taken a significant step towards deeper economic
- Get link
- X
- Other Apps
According to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ecuador will be an important addition to the UAE's and CEPA program – with its strategic trade routes connecting South America, Asia and Europe. The deal will aim to boost non-oil trade beyond last year's $675m, up 76% on 2022, and maximise opportunities in critical sectors
As the UAE's foreign trade agenda is deepening ties with high-growth markets around the world.
In wam reports In 2023, non-oil bilateral trade between the UAE and Ecuador surged to $675 million, marking a remarkable 76% increase compared to 2022 and more than tripling the figures recorded in 2021. Furthermore, Dubai Ports World's substantial investment in Ecuador's Port of Posorja, valued at $1.2 billion, is a testament to the burgeoning economic ties between the two countries.
Sonsoles Garcia also mention Minister Garcia emphasised the enduring and evolving trade ties between Ecuador and the UAE, driven by mutual interests in advancing cooperation across various economic domains.
She added that the initiation of CEPA negotiations with the UAE represents a pivotal step in expanding economic ties, with active participation from both countries' business communities, private sectors, and investors.
The #UAE's foreign trade agenda is deepening ties with high-growth markets around the world. Today, with HE @sonsoles89, Minister of Production, Trade, Investment and Fisheries for #Ecuador, we agreed to launch negotiations towards a #CEPA between our nations. 🇦🇪🇪🇨 pic.twitter.com/iysXOMYepy
— د. ثاني أحمد الزيودي (@ThaniAlZeyoudi) April 23, 2024
Comments
Post a Comment