Ministry of Economy Launches Interactive & Smart Online app Showing UAEs Economic and Foreign Trade Relations
The Ministry of Economic situation released an interactive and smart online application to strengthen the UAE's economic and foreign trade relations with nations throughout the world. The platform will certainly supply upgraded info on each nation in relation with the UAE together with its economic indicators, key numbers, foreign financial investment arrangements, and joint trade committees. This will additionally improve the speed and precision of acquiring details with regard to federal and city government companies and the domestic private sector.
H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economic climate, led the introducing of the interactive application on the Ministry's website, in the existence of H.E. Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Ministry's Undersecretary for Economic Affairs; H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economic climate for Foreign Trade and Industry; and H.E. Juma Mohammed Al Kait, Assistant Undersecretary at the Ministry for Foreign Trade Affairs.
H.E. Al Mansoori emphasized the Ministry's commitment to innovate and execute smart options that will certainly improve the distribution of government solutions through the combination of the latest innovations. This is in line with the nation's goal to lead the Smart E-Services Index according to the purposes of the National Agenda 2021.
According with H.E. Al Mansoori, the new application includes updated information concerning the UAE financial and foreign trade relations with various other countries in addition to financial investment information. It seeks to guarantee effective distribution of services, along with enhancing transparency and info availability.
H.E. shared the Ministry's success in giving electronic and smart services in accordance with the smart federal government initiative of the country's sensible leadership along with in line with the government's efforts to bring joy to the people, ensure client contentment, enhance the effectiveness of government entities, and create a business-friendly setting globally. All these kind part of the Ministry's vision to develop a diversified, competitive, and knowledge- and innovation-driven economy led by national competencies.
The interactive application developed by the Division of Evaluation and Trade Information of the Ministry's Foreign Trade Field showcases information in Arabic and English and on 217 countries The details cover the volume of financial investments; the variety of trademarks, firms, companies, and the financial investments of these countries in the UAE in regards to value and fields; the UAE's financial investments in these nations; the authorized arrangements; and various other basic details such as financial indices inning accordance with the World Bank reports.
The application also has data on complete non-oil foreign trade, including the quantity of straight trade from 1999 to third quarter of 2016 and the volume of trade in cost-free areas from 2011 to the third quarter of 2016. All information are upgraded instantly.
Additionally, it offers detailed information on non-oil straight foreign trade, consisting of the top 5 products for non-oil exports, imports, and re-exports. It also includes info on bilateral contracts and Memorandums of Comprehending, joint committees and events, and delegation visits.
