$ 3 billion is the total non-oil foreign trade between the two countries in 2020

The UAE accounts for 16% of the Netherlands' total trade with Arab countries

Emirati investments from major companies such as "TAQA" in the Netherlands.

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The Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, discussed with the Minister of Foreign Trade and Development Cooperation in the Netherlands, Sigrid Kach, trade and investment relations and ways to develop them,

Especially as the UAE accounts for 16% of the Netherlands' total trade with Arab countries.

During a meeting held via virtual platforms, the two ministers discussed ways to develop frameworks for economic partnership during the economic recovery and post-"Covid-19" period. They also discussed opportunities for cooperation to increase trade exchange, enhance the flow of mutual direct investments, and how to encourage more Emirati and Dutch companies to explore The opportunities available in the markets of the two countries, and stressed the importance of the Netherlands' participation in the Expo 2020 Dubai next October.

Investment and trade

Al-Zeyoudi reviewed the most prominent indicators of trade and investment exchange between the UAE and the Netherlands, as the total non-oil foreign trade between the two sides in 2020 amounted to more than three billion dollars (11 billion dirhams), while the value of direct Dutch investments in the UAE by the end of 2018 amounted to 3.6. Billions of dollars (13.2 billion dirhams) distributed in sectors including: trade and industry, professional activities, transportation and storage, in return for Emirati investments from major companies in the Netherlands, such as the Abu Dhabi Investment Authority, Dubai Ports World Group, and the "Taqah" company.

Al-Zeyoudi pointed out that the UAE is the second largest trading partner of the Netherlands at the Arab level, as it accounts for 16% of its total trade with Arab countries, while the Netherlands is one of the most important sources of the UAE's imports of food commodities and their products, and it accounts for more than 15% of the total trade. Emirates with the countries of the European continent of these commodities.

Positive prospects

Al-Zeyoudi briefed his Dutch counterpart on the efforts made by the UAE to accelerate the process of economic recovery from the "Covid-19" pandemic, indicating that the UAE is leading an integrated plan that includes a package of flexible initiatives to promote recovery and economic recovery, and to develop a sustainable development path for the economy for the post-Covid stage. -19 ».

He added: “We are confident in the positive prospects and broad potentials for cooperation between the UAE and the Netherlands during the next phase, and we will intensify communication to pour these efforts into enhancing trade exchange and increasing the volume of joint investments. We call on companies in the two countries to take advantage of the potentials, incentives and promising opportunities in the economic environment in each of them.” , Especially in the e-commerce, innovation, modern technology, digital communication and industry sectors.

For her part, the Minister of Foreign Trade and Development Cooperation in the Netherlands, Sigrid Kach, said: “The UAE and the Netherlands have distinguished bilateral relations based on friendship and common economic interests, strengthened by fruitful cooperation over the past decades. It is an important destination for hundreds of Dutch companies, and a commercial and investment hub for its cooperation with The Arab Gulf region, and we will work hand in hand in the future to face challenges, such as increasing demand for sustainable energy and scarcity of fresh water.

Thani bin Ahmed Al-Zeyoudi:

• "The UAE is leading an integrated plan that includes a package of flexible initiatives to enhance recovery and economic advancement."

Dutch wing

The Kingdom of the Netherlands designed its pavilion at Expo 2020 Dubai, in the form of a smart building full of sustainable solutions, in which water, energy and food are produced through innovative solutions that include a vertical conical farm that shows how water and energy are integrated.

It is decided that the Dutch pavilion will be located in the "sustainability" area.

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