The non-oil trade between the UAE and Arab countries grew 29 percent to AED191 billion in the first half of this year, from AED148 billion in same period of 2020, a UAE minister has pointed out.
While addressing the 108th meeting of the Arab League’s Economic and Social Council, UAE’s Minister of Economy Abdulla bin Touq Al Marri also highlighted that the trade between Arab countries and the rest of the world amounted to around US$1.27 trillion in 2020, with the UAE accounting for 25 percent thereof.
During the meeting, which was held on Thursday at the HQ of the Arab League Secretariat-General in Cairo, Al Marri highlighted the UAE’s keenness, upon the directives of its leadership, to achieving the development goals of Arab countries in line with the Council’s recommendations.
He called for greater efforts to increase intra-Arab trade, underlining the UAE’s support for all relevant regional efforts, made within the Greater Arab Free Trade Area (GAFTA) and the Arab Customs Union.
Al Marri also showed keenness about the UAE’s bid to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023.
He highlighted the country’s efforts to address climate change and protect the environment, including its achievements in the renewable energy sector and the circular economy and its endeavours to encourage regional and international cooperation in this field.