The United Kingdom is the country's third largest European trading partner
An Emirati delegation in Britain to expand the horizons of trade and investment partnership
A high-level Emirati delegation, headed by the Minister of Economy Abdullah bin Touq Al Marri, is visiting the United Kingdom this week, with the participation of nine relevant federal and local government institutions, investment companies and the private sector, to discuss developing economic relations and exploring more opportunities to enhance cooperation between the two countries. Expanding the horizons of partnership at the governmental and private levels, and setting new frameworks for cooperation relations in all fields to serve the comprehensive development plans led by the two friendly countries.
The UAE delegation reviews the ambitious plan launched by the UAE government within the framework of the "Fifty Projects", which paves the way for a new phase of economic work, and directs efforts and partnerships between the government and the private sector, to serve the new economic model of the state based on flexibility, proactiveness and pioneering thought, and reviews the latest developments. The commercial legislation system in the country.
The visit focuses on enhancing cooperation in a number of vital and future fields, including: trade, investment, small and medium enterprises, health care, renewable energy, food security, the financial and banking sector, transport and logistics, education, innovation and technology, and intellectual property.
During the visit, the country's delegation will meet a number of ministers, senior government officials and representatives of the private sector in the United Kingdom, to discuss ways to facilitate trade, double the non-oil trade exchange between the two countries, and develop practical steps to increase attracting investments in vital and future sectors, and encourage entrepreneurs from both sides to take advantage of opportunities. promising in the markets of the two countries.
The United Kingdom is the third largest European trading partner of the UAE in non-oil goods, as the volume of non-oil trade between the two countries, during 2020, amounted to about $8.1 billion, ranked 15th globally in terms of the value of foreign trade, and accounts for 2% of the total trade The non-oil foreign affairs of the UAE with the world.
The state delegation includes representatives from nine government and private agencies, most notably: the Ministry of Economy, the Department of Economic Development Abu Dhabi, the Dubai Investment Development Corporation, the Dubai Export Development Corporation, the Sharjah Investment and Development Authority (Shurooq), the Sharjah Foreign Direct Investment Office (Invest in Sharjah), the Office of Abu Dhabi Investments, "Masdar", and "Dubai Ports".
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