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 The economic partnership between the United Arab Emirates (UAE) and the United States (US) continues to flourish, achieving remarkable growth in trade volumes during 2024. According to recent data from the US Department of Commerce, the trade of goods between the two nations totaled AED 104.17 billion ($28.3 billion) in the first ten months of 2024, reflecting an impressive 9.97% increase compared to AED 94.73 billion ($25.8 billion) during the same period in 2023. This growth highlights the deepening economic and strategic ties between the two nations, which have maintained robust trade relations across a variety of sectors. Key Figures in Bilateral Trade UAE Exports to the US : The UAE's exports to the US grew to AED 22.41 billion ($6.1 billion), a 9.12% increase from AED 20.53 billion ($5.59 billion) recorded during the same period in 2023. This rise underscores the UAE's capability to supply diverse goods to one of the world's largest economies. US Exports to the UAE :...

 In a significant stride toward deepening economic collaboration, the United Arab Emirates (UAE) and the Eurasian Economic Union (EAEU) have concluded negotiations on an Economic Partnership Agreement (EPA) . The agreement, aimed at establishing a free trade zone, marks a pivotal development in global trade relations. The announcement was jointly made by Andrey Slepnev , Minister of Trade of the Eurasian Economic Commission (EEC), and Thani bin Ahmed Al Zeyoudi , UAE’s Minister of State for Foreign Trade. Key Features of the Agreement The EPA will undergo intra-state harmonization processes before formal signing. Once effective, the agreement promises to cover over 90% of mutual trade and 85% of the commodity nomenclature , offering preferential treatment that benefits businesses across both regions. Andrey Slepnev emphasized the strategic significance of the UAE, describing it as a "global hub in the region." He noted that the agreement will catalyze trade between the EAEU ...