BUSINESS

U.S. names UAE as largest trading partner in Arab region: ambassador

Trade between the two countries in growing at a fast rate. (Reuters)

The American ambassador to the UAE said the country is the United States’ largest trading in the Middle East, reported Dubai based Gulf News on Monday.

Ambassador Michael H. Corbin stated this during a visit to the Abu Dhabi Customs Institute and further noted that the UAE is on its way to becoming a focused hub for trade, tourism and other important economic activities.

Trade between the two countries in growing at a fast rate.

 

“In fact, the USA’s exports to UAE reached $22.5 billion in 2012, a 40 per cent increase from 2011. Trade between the USA and UAE is even larger than our export relationship with India,” said Corbin.

The ambassador also commented on the increasing focus by international airlines on the UAE, major carriers have made the country a base for their business.
Khalifa port, one of the largest in the region, is deemed just one of many reasons to ensure “continuous cooperation with the UAE, the leader in the development of trade infrastructure, in order to enhance the exchange of knowledge and information,” he said.

“This visit is an opportunity to strengthen the bonds of cooperation between the two countries since the UAE has become home to many important projects such as the Khalifa port, Abu Dhabi International Airport, Dubai International Airport and the new Etihad Railway network,” added Corbin.

One Emirati official said that the visit enforced the good relations between the UAE’s General Administration of Customs and the U.S.

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Last Update: Tuesday, 12 February 2013 KSA 15:08 - GMT 12:08
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