UAE, US explore ways to advance trade and investment relations

Dr Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade, participated in a UAE-US Business Council roundtable meeting and a US Chamber of Commerce roundtable session in New York, where he engaged with influential US business leaders and policymakers.

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Al Zeyoudi emphasised the significant potential to further strengthen the existing economic ties between the two nations through enhanced trade, investment, and collaboration in key areas of mutual interest.

During the meetings, he highlighted the continued growth of UAE-US trade, noting that the United States is the UAE's sixth-largest trading partner globally. In 2024, bilateral non-oil trade reached $38 billion, reflecting a substantial growth of 44.5 per cent over the past five years. This positive momentum has continued into 2025, with the first half of the year seeing bilateral non-oil trade amounting to $19.3 billion.

"The UAE and the US are enduring partners, driven by the same pursuit of innovation, development and economic growth. There remain many opportunities to further strengthen our economic ties in order to achieve mutual benefit," Al Zeyoudi stated. "Together, we can unlock new avenues for innovation, create jobs, and lead global efforts to develop and expand new fields that are pivotal to the global economy. We look forward to working hand-in-hand with the United States to develop the technologies of the future, driving global prosperity and sustainability."