Emirates News Agency – UAE-German non-oil trade rises 10.5% to $9.5 bn in 2021: Dr. Thani Al Zeyoudi


DUBAI, 19th May, 2022 (WAM) — The UAE has become Germany’s most important trading partner in the Middle East, said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, adding that the non-oil trade between the two countries amounted to $9.5 billion during 2021, a 10.5 percent increase compared to 2020.

He said this while addressing an event in Dubai last week on the occasion of the 50th anniversary of diplomatic relations between the UAE and the Federal Republic of Germany.


“The long-lasting and valuable friendship our nations share goes all the way back to May 1972 when diplomatic ties between us were first established,” Al Zeyoudi said at the reception jointly hosted by Ernst Peter Fischer, the German Ambassador to the UAE; Holger Mahnicke, the Consul-General of Germany in Dubai; and Oliver Oehms, the CEO of the German Emirati Joint Council for Industry & Commerce (AHK).

Al Zeyoudi continued, “Our economies are both very much geared for the possibilities of the future. We are eager to embrace new technologies, identify new industries and sectors, deploy the latest thinking, and set our sights on the biggest, boldest projects.”

He affirmed that both countries have a shared commitment to utilise every opportunity for partnerships, joint ventures and knowledge sharing to achieve them – especially in the fields of technology and innovation.

For instance, 2020 saw the launch of the Emirati-German task force on the Fourth Industrial Revolution, the minister pointed out. This body serves as a networking forum that fosters ties between businesses, research and development bodies, academia, and government entities in the fields of technology, digital connectivity and artificial intelligence, he explained.

Before that, in 2017, the UAE and Germany signed an energy partnership that resulted in numerous high-level visits, seminars and projects on renewable energy, energy efficiency, mobility, and new technologies, Al Zeyoudi noted.

“Today, as economies around the world prepare for the post-COVID era, we in the UAE believe that it is the most suitable moment to strengthen our global partnerships now– and there are few more important to us than the one we enjoy with Germany,” he emphasised.

Ambassador Fischer said Germany and the UAE have established a deep and reliable partnership during the past 50 years.

He expressed confidence that Germany and the UAE would be able to cooperate with each other to face the global challenges.

“Let us look forward to the next 50 years,” the envoy said.

Representatives of German businesses, schools and various UAE entities attended the reception.



This content was originally posted at Emirates News Agency on the Source link .

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