The UAE and Eurasian Economic Commission have held discussions in Moscow to enhance trade and investment opportunities between the UAE and the Eurasian bloc.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Andrey Slepnev, Minister in charge of Trade for the Eurasian Economic Commission, explored collaboration opportunities and reviewed progress on the ongoing negotiations towards a Comprehensive Economic Partnership Agreement.
The ministers also underscored areas with greatest potential for their respective private sectors, such as logistics, manufacturing, agriculture and transport, and the expanding opportunity for a north-south trade corridor linking the UAE and Russia.
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade
“Our commitment to open, rules-based trade is a central pillar of our economic policy, and our pursuit of stronger ties with key partners around the world is helping to propel our non-oil foreign trade to record levels. With its industrial capabilities, strong food production sector and strategic location straddling two continents, the Eurasian Economic Union is a key focus of these efforts, and my discussions this week underline a shared vision of closer economic integration. I am confident we can secure greater opportunity for our businesses and unlock the vast potential of UAE-Eurasia relations.”
“We recognize the long-standing friendship and strong economic ties between the Eurasian Economic Union Member States and the United Arab Emirates and do believe that the Economic Partnership Agreement will enhance mutual benefits for our nations and strengthen economic and trade cooperation,” added Andrey Slepnev.
The Eurasian Economic Union has been a key partner of the UAE since its inception. In the first half of 2024, the non-oil trade between the UAE and the members of the Eurasian Economic Union reached $13.7 billion, 29.6 percent on the same period in 2023.
