UAE & US sign MoU to lower trade barriers by aligning on standards

UAE & US sign MoU to lower trade barriers by aligning on standards

UAE’s Ministry of Industry and Advanced Technology (MoIAT) has signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth.

The MoU is in line with the ministry’s efforts to collaborate with global partners in the field of standardization as part of its work to align with international standards and best practices.

According to the statement, the MoU between MoIAT and ANSI will facilitate cooperation in the areas of standardization and foster mutual exchange of information between the two bodies.

Furthermore, MoIAT and ANSI will work with standards organizations in their respective countries to establish bilateral relationships that will promote joint ventures and the mutual exchange of information to stimulate industry-to-industry cooperation as a building block to international standardization, which would enhance free trade.

Omar Suwaina Al Suwaidi

UnderSecretary

MoIAT – UAE “ANSI is a valued partner and globally renowned standards organization that shares our commitment to collaboration. Our MoU will help the UAE and US to capitalize on the strong ties between our two nations. Bilateral trade between the UAE and US stood at more than $23 billion in 2021. We can further build on this positive growth by lowering trade barriers.