The United Arab Emirates and the United States of America affirmed that their economic relations remain close and constructive, and pledged to explore new areas of cooperation in a range of sectors, including food security, health security, health care research, space, customs issues, emerging technologies, and economic empowerment of women. , In line with the International Women Development and Prosperity Initiative in the United States.
This came during the "Seventh Economic Dialogue" that was held yesterday between the two countries "remotely" through visual communication headed by the director of the Department of Economic and Trade Affairs at the Ministry of Foreign Affairs and International Cooperation Abdel Nasser Shaali, and the main deputy assistant to the US Secretary of State for Economic and Trade Affairs Peter Haas, with the participation of the Ambassador The State in the United States of America Yusef Manea Al-Otaiba, in the presence of the US Ambassador to the State John Rakulta Jr., as well as the US ambassador in charge of global women's issues Kelly Currie.
The two countries reaffirmed their desire to expand relations between them and the importance of economic partnership and the pursuit of new economic, trade, investment and commercial opportunities, despite the challenges presented by the current global health conditions.
The two sides also hailed the continuation of this event, and confirmed their shared commitment to maintaining continuous communication.
The two sides emphasized that the non-oil bilateral trade between the two countries has witnessed continuous growth in recent years, as the UAE is the largest market for US exports in the Middle East and North Africa for the eleventh year in a row.
The two sides highlighted the mutual benefits of this relationship, as the trade and investment sector in the UAE has created more than 116,000 jobs for the American side, while the United States has a trade surplus of 15.6 billion US dollars with the UAE in 2019, which is the third largest trade surplus on Worldwide, which confirms the UAE’s position as a vital economic partner.
During the meeting, delegates of the two countries discussed efforts to increase bilateral trade, and the United States affirmed its appreciation for the significant progress that the UAE continues to make in implementing open economic and investment policies and its continued efforts to promote regional economic prosperity.
Regarding the broader commercial interaction, the UAE expressed concern about steel and aluminum tariffs, while the United States expressed appreciation for the constructive bilateral dialogue that is still taking place regarding the new expanded requirements related to the Committee on Foreign Investment in the United States.
At the end of the meeting, the two delegations affirmed their desire to work closely and enhance cooperation in the field of trade and investment and to explore new opportunities in these areas for the interest of both countries.