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

Published date19 May 2022
Publication titleLETA

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 and 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...

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