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Tuesday, April 23, 2024
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UAE foreign trade hits Dh2.2 trillion in 2022

UAE foreign trade hits Dh2.2 trillion in 2022

Sheikh Mohammed container Rashid chairs Cupboard meeting

His Highness Sheikh Mohammed container Rashid Al Maktoum, Vice President and also Prime Minister of the UAE and Ruler of Dubai, today chaired the UAE Cabinet conference at Qasr Al Watan Abu Dhabi.

The conference was kept in the presence of Sheikh Maktoum container Mohammed bin Rashid Al Maktoum, Replacement Ruler of Dubai, Deputy Head Of State, and also Minister of Money; Lieutenant General Sheikh Saif container Zayed Al Nahyan, Deputy Prime Minister and also Preacher of the Inside; and also; as well as Sheikh Mansour bin Zayed Al Nahyan, Deputy Head Of State and Minister of Presidential Court.

Sheikh Mohammed said: Today, I chaired the UAE cabinet conference in Abu Dhabi. We shared our honest acknowledgements and also sympathy to Syrian and also Turkish people, as well as the families of victims.

He added: “Based upon the directives of the President of the UAE, all catastrophe relief job teams have actually been guided to collaborate with both brotherly nations to supply all kinds of help.

” Throughout the Closet conference, we evaluated the results of the UAE’s foreign trade in 2022. Our international trade achieved a historical document reaching greater than Dh2.2 trillion, a growth of 17 percent.”

Sheikh Mohammed added: “Today, we accepted the National Framework for Sustainable Growth in the UAE … The goal is to protect ecological communities and guarantee the sustainability of our natural resources … We additionally designated the Ministry of Environment Change and also Setting to coordinate government efforts to prepare for hosting COP28.”

He said: “We approved the exec choices to develop the National Room Fund, which aims to support the execution of ambitious national tasks in the area of space, support young people abilities and competencies, as well as bring in the very best space firms to the UAE market.”

Sheikh Mohammed added: “We assigned the proficient entities to send an immediate research study to the Cabinet on exactly how to benefit from brand-new AI technologies in federal government work, analyze its future effects on the academic, health, media and also various other fields, and also how the government will certainly deal positively and also safely with these modern technologies”.

UAE non-oil foreign trade

The non-oil international trade of the UAE achieved record growth prices in 2022, reaching Dh2.233 trillion, with a development price of 17 percent contrasted to 2021. The nation has surpassed the Dh2 trillion obstacle for the very first time in history. This accomplishment follows the nation’s non-oil international trade accomplished a growth of 12 per cent in 2020, tape-recording Dh1.496 trillion, as well as tape-recorded a jump of 28 percent in 2021 to reach Dh1.911 trillion.

The National Framework for Sustainable Development

The UAE Closet accepted the National Framework for Sustainable Development, which represents an extensive structure for all approved nationwide strategies, policies and also programs interested in arranging ecological operate in the country, as well as keeping a lasting setting that sustains economic development. The structure consists of 5 major columns: nature, ecological health, climate change, living microorganisms, and biosecurity.

The National Framework aims to improve the quality of life in the country, advertise diversity and economic success, maintain the UAE’s ecological communities, maintain its eco-friendly resources and also solutions, as well as sustain the accomplishment of the 2030 Sustainable Development Goals.

In 2022, the UAE covered the Yale University’s 2022 Ecological Performance Index in six ecological indicators worldwide, coming to be the first regionally, in the Arab world and also in the Gulf.

COP28

As component of the continuous prep work for the UAE to host the 28th Meeting of the Events (COP28), the cabinet authorized designating the Ministry of Climate Change and also Atmosphere to coordinate with federal as well as neighborhood authorities to prepare the nation’s readiness plan for the occasion, and also ensure the involvement of federal government entities in arranging this international event.

UAE Green Agenda 2030

The Cabinet was oriented on advancements in the implementation of the UAE Eco-friendly Program 2030, which intends to achieve the goals of lasting growth, and the goals of UAE Centennial 2071.

During the coming period 2023-2030, the UAE will carry out efforts and also projects to support the objectives of eco-friendly economic climate, including boosting GDP by 4% to 5% by 2030, enhancing exports by regarding 24 to 25 billion dirhams by 2030, as well as minimizing emissions from 430 kilowatt-hours in 2013 to much less than 100 kilowatt-hours by 2030.

National Space Fund

During the meeting, a resolution relating to the facility of the National Space Fund was adopted. The Fund which will be managed and monitored by the UAE Room Company, intends to build national abilities as well as competencies, increase the financial payment to diversifying the nationwide economic situation, as well as combine the UAE’s placement in the space sector. The Fund is readied to develop the facilities supporting the area sector, as well as produce an appropriate environment to attract startup firms precede. On top of that, the National Space Fund targets at adopting governance systems to attain management in the space industry, attracting specialized global business, and building partnerships in between national and also international sophisticated modern technology firms.

National policies for Cybersecurity

The Cabinet conference authorized the National Policy for IoT protection, the National Program for Cybersecurity Certification, the National Policy for Cloud Safety And Security. Along with a number of related plans targeting at offering options for present and future challenges associated with cybersecurity. The meeting additionally accepted the development of a nationwide committee to combat cyber-attacks.

Advance Government work with AI technologies

The Closet authorized a plan to elevate the efficiency of government resolve making use of expert system innovations. The plan consists of criteria as well as standards that assure safe use AI, and the range of its use in government job. The plan targets at boosting the efficiency and also performance in various sectors, enhancing competitiveness and the quality of government services, as well as supplies extra training chances for staff members.

‘Made in UAE’

The Cabinet took on a choice on updating the “Made in the UAE” merged national mark ecosystem, in order to sustain nationwide items. The upgrade consists of streamlining the procedures for obtaining the mark, allowing industrial centers in complimentary zones to get it, and validating the center’s commitment to item security through the application of conformity standards.

Nafis

The Cabinet was oriented on the advancements of Emiratisation programs in the private sector, and issued a choice pertaining to the modification of some provisions related to the objectives of the “Nafis” initiatives, to make sure that the annual target for Emiratisation is split throughout the year by one percent in the initial 6 months of the year and the other one per cent in the 2nd fifty percent of the year.

The UAE Closet conference approved a decision relating to the issuance of exec guidelines for a variety of federal legislations and also legislations, consisting of the government regulation concerning securing witnesses as well as secret sources; the Federal Law relating to accessing genetic resources as well as their by-products; the government law pertaining to personal health and wellness centers, based on the UAE’s plan concerning foreign financier ownership; the Federal Decree-Law pertaining to Electronic Purchases as well as Trust Fund Services. The Cabinet authorized a resolution relating to the framework of Islamic sukuk.

The meeting has approved the establishment of a variety of consular offices in a number of countries, including Copenhagen, the Kingdom of Denmark; Prague, Czech Republic; Helsinki, the Republic of Finland; Ulaanbaatar, Mongolia.

The Cupboard approved several global agreements with a number of pleasant countries, including the Republic of Lithuania, the Federal Democratic Republic of Ethiopia, the Republic of Poland, the Russian Federation and Israel. Likewise, throughout the meeting the Cabinet assessed a variety of yearly reports for the year 2022.

Last Updated:  07 February 2023

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