(MENAFN) UAE's Undersecretary of the Ministry of Foreign Trade, Abdul Rahman Al Saleh, stated that the country's non-oil trade is projected to jump by 15 percent in 2012 to USD980 billion, reported Gulf News.
Al Saleh said that in the January-June period, the UAE's non-oil foreign trade climbed by 11.1 percent to USD195.58 billion, up from USD176.03 billion a year ago.
He added that the value of trade in the nation's free zones is expected to grow 20 percent during the current year, reaching USD119.75 billon.
He said that the country's trade strategy is to launch new markets, approach new trade partners and diversify economy.
During the first half of the year, the main trade partners of the UAE were non-Arab countries in Asia, with traded commodities accounting for 46.2 percent of the total traded volume of commodities, followed by the EU with 21.5 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.