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US, UAE hold economic policy dialogue, resolve to expand engagement

By TRENDS Desk
June 10, 2021 6:34 am

    • The UAE maintains its position as the US’ largest trading partner in the MENA region for the 12th year in a row

    • The UAE and US  partnered to form the Economic Policy Dialogue in 2012

    The  US and the  UAE  have reaffirmed their desire to expand engagement and pursue new health research, space program, environmental, and commercial opportunities. Both sides emphasized their shared commitment to maintain open and regular communication.

    “The two delegations confirmed that the U.S.-UAE economic relationship remains close and constructive, with the UAE maintaining its position as the United States’ largest trading partner in the Middle East and North Africa for the twelfth year in a row,” said a joint statement issued following the eighth US-UAE Economic Policy Dialogue on June 8.

    “The United States and the UAE also committed to exploring new and expanding existing cooperation in a range of areas, including, climate change and the environment, global health security and health care research, space, the digital economy and emerging technologies, the prevention of financial crime, and women’s economic empowerment,” the statement added. 

    The dialogue was co-chaired by the UAE Ministry of Foreign Affairs and International Co-operation’s Assistant Minister for Economic and Trade Affairs HE Abdulnasser Alshaali and Acting Assistant Secretary of State for Economic and Business Affairs Peter Haas.

     The two sides highlighted achievements in women’s economic empowerment, cooperation on economic and social development initiatives, the effectiveness of anti-money laundering and the counter-financing of terrorism policies, improvements in intellectual property protections, and positive developments in the investment climate.  They also commended the historic signing of the Abraham Accords in September 2020.  

    In 2012, the UAE and United States partnered to form the Economic Policy Dialogue, which serves as an annual platform for both governments to promote bilateral trade and investment and to facilitate a more cooperative business environment. 

     

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