H.E. Al Zeyoudi meets British Minister of Business & Trade to discuss strengthening of trade & investment partnership focusing on new economy sectors

H.E. Al Zeyoudi meets British Minister of Business & Trade to discuss strengthening of trade & investment partnership focusing on new economy sectors

Abu Dhabi: H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with H.E. Kemi Badenoch, Secretary of State for the Department for Business and Trade in the United Kingdom recently. The meeting was also attended by Edward Hobart, Ambassador of United Kingdom of Great Britain and Northern Ireland to the UAE.

During the meeting, H.E. Al Zeyoudi underlined the depth and strength of the historical ties between the UAE and the UK, noting that they continue to develop on all fronts thanks to the shared aspirations of both leaderships. H.E. Al Zeyoudi emphasized that the economic partnership between the two countries is the main driver of this growth.

H.E. added: “The non-oil trade between the two countries amounted to nearly AED 37 billion in 2022, up 26 per cent from 2021. The United Kingdom is the UAE’s fourth largest European trading partner as of 2022, accounting for 11 per cent of our total foreign non-oil trade with the continent. Similarly, the UAE is the UK’s number one Arab trade partner and the 19th largest globally. The UAE accounts for nearly 30 per cent of the UK's total trade with Arab countries. In terms of investments,