Ministry of Economy Showcases UAEs Economic Progress to Visiting US Student Delegation From New York University
Abu Dhabi, January 24, 2017 - A student delegation from New York University in the United States recently visited the Ministry of Economic climate's head office in Abu Dhabi to take a better consider the UAE's enthusiastic economic vision and the government's key national financial development indicators, along with finding out more concerning the ongoing intensive efforts to strengthen the ties between the Arab state and America in the most vital locations of common teamwork.
The American delegation containing 22 MBA students were welcomed by H.E Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Matters, in the presence of Hind Al Youha, Director of Foreign Trade Policies - Dr. Matar Al Ali, Director of- Industrial and Information Management Evaluation - Sultan Ahmed Darwish, Director of Trade Negotiations and WTO and Aisha Al Kubaisi, Director of International Organizations Matters.
H.E. Al Kait explained to the visitors that the UAE's financial vision was created to construct an affordable and diverse economic climate that is based upon knowledge, innovation, and management abilities of Emiratis. To achieve its vision, the nation has taken considerable steps to develop a business-friendly environment with modern framework and progressing legislative and governing structures made to bring in financial investments in vital and value-added local sectors.
Regardless of a variety of regional and global difficulties, H.E. claimed that the UAE economic climate has actually endured its growth price with the nation's actual GDP rising by 3.8 per cent in 2015. The non-oil industries made up 70 per cent during this moment. H.E. Al Kait additionally noted the durable economic relations between the Emirates and the US. Actually, the United States is the UAE's third biggest trading partner, and second biggest exporter. The United States was placed 11 in the UAE's checklist of importing nations. The total international non-oil trade between both countries got to more than USD 15.2 billion throughout the initial fifty percent of 2016 alone, including totally free areas trade. During the whole of 2015, the non-oil trade quantity reached more than USD 27.8 billion. Al Youha, for her part, presented a detailed record on the fundamental aspects of the UAE economic situation, along with the country's resilience and financial investment motivations; key financial patterns in line with UAE Vision 2021 and the National Technique for Innovation; and crucial success around the world in terms of foreign trade and competitiveness.
The meeting concluded up with an open forum in between the visitors and the Ministry's officials who attended to the US delegation's inquiries on the Arab country's local and international business affairs.
