INTERNATIONAL TRADE-UAE MARKET

UAE has been the top U.S. export market in the MEA region for the last 12 years and is a global hub for over 1,500 American companies doing business throughout the Middle East, Africa, Europe, and Asia.  

At the same year, Crude Petroleum was the 1st most exported product in United Arab Emirates. 

The UAE GDP for 2020 was $359 billion. This reflects the rich natural resources in the UAE, which has 10 percent of the total world supply of oil reserves and the world's fifth largest natural gas reserves. As a mainstay to the economy, oil exports now account for about 30 percent of total UAE gross domestic product

Trade Negotiations and WTO Department, which is part of the UAE Ministry of Economy, is responsible for Dealing with all WTO affairs and free trade agreements, including ongoing negotiations,Supervising the implementation of the UAE's commitments under WTO agreements, as well as international and regional trade agreements to which the UAE is a party (in co-ordination with all the relevant authorities),Co-ordinating and following up on the work of UAE's representatives who negotiate free trade agreements and WTO matters.

The UAE adopted the National Agenda for Non-oil Export Development in June 2021 to access 25 new global markets and advance its foreign trade. The implementation of this agenda is likely to lead to further improvements of local regulations to facilitate international trade and investments.

In latest trend,the seven emirates to permit foreign investors to incorporate companies in mainland UAE (that is, outside the free zones) without the need to have an Emirati national as joint venture partner. This is expected to increase foreign direct investment into the UAE in many sectors. Based on information published by the relevant authorities to date, Dubai, Sharjah and Ajman are now offering foreign investors opportunities to own 100% of companies engaged in certain trading activities.

The UAE has also adopted laws and ratified a number of GCC bilateral treaties allowing GCC nationals to conduct business in the UAE, including the-GCC Common Customs Law, ratified by Federal Decree No. 85 of 2007, which establishes common rules applicable to all commodities imported into, and exported from, any GCC state.  allows GCC nationals to engage in wholesale and retail trade in the UAE. allows GCC nationals to undertake business activities and certain professions in the UAE.

Governments have put a lot of effort into establishing and maintaining a global trading rulebook over the past 51 years; progressively opening markets and deepening economic integration.

When we think about international trade, we traditionally think about a person or company producing all elements of a product in their home country and then exporting a final product to a consumer in a different country. This type of trade, however, only represents about 30% of goods and services trade today; the majority of trade (70%) is actually in intermediate parts, components, and services

As a member of the GCC the UAE is negotiating several additional trade agreements, including with the EU, China, India, and Australia.United Arab Emirates has a dynamic economy, which is diversifying as it aims to transform itself into a knowledge economy over the next decade. 

The main destination of Crude Petroleum exports from UAE are: japan,china,thailand,india,south korea.

United Arab Emirates openness to international business and strategic location as a gateway to the region create business opportunities and make the UAE an attractive market for American. exporters.

United Arab Emirates economy, driving down oil prices and reducing the country’s oil revenues, and significantly impacting the non-oil economy that was dependent on aviation, tourism, and trade. As a result, real GDP fell by 6.1% in 2020, before picking up with a growth rate of 2.1% in 2021 and a projected growth rate of 3% in 2022, according to the International Monetary Fund.  UAE officials are implementing notable reforms to attract investment and capture first-mover advantages in several sectors.

National and Emirate-level governments invest heavily in economic diversification and growth. With oil reserves and sovereign wealth funds valued at approximately $1.3 trillion, the UAE has resources, without the structural liabilities some of its neighbors must sustain, to help it navigate the volatility of the oil market and other challenges. The UAE aims to expand as a regional trade, logistics, tourism, and digital hub. 

Even though services generate more than two-thirds of global GDP, employ the most workers in major economies, create more new jobs than any other sector,  Regulatory reforms and liberalisation of trade and investment in services are needed to enhance competition and increase the productivity and quality of services. IT can be ntb  that originate from domestic regulations, or from limitations to fi. The challenge is to meet policy objectives in ways that maintain the gains from trade.Digitalisation reduces the cost of engaging in international trade, connects a greater number of businesses and consumers globally, helps diffuse ideas and technologies, and facilitates the co-ordination of GVCs.

This new sharing of production across countries has enabled many more countries to participate in global trade, with developing countries increasing their share of global exports and imports. While the new environment for trade creates new opportunities, it also increases the costs of trade barriers

Customs authority responsible for the decision, in which case the appeal will be addressed to specialised committees within the customs authority.UAE courts in the respective emirate.In this fast-evolving environment, challenges involve ensuring that the opportunities and benefits from trade can be realised and shared more inclusively. How countries trade with each other matters

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I Ashiq Moideen;holds a Master of Business Administration (MBA) in International Business and Marketing from VMRF College (Chennai) and a Bachelor of Engineering (Hons) in Civil Engineering from VMRF (Chennai).

Throughout my studies and passion, I have developed a deep understanding of international business practices and cultural differences, as well as excellent skills in market research, client relationship management, negotiation, and strategic planning ,Communication skills,Cultural awareness,Analytical skills,Leadership skills,Flexibility and adaptability,Problem-solving skills,Interpersonal skills.

Highly motivated MBA International Business graduate with a passion for international relations and diplomacy seeking to launch a career in Foreign Service. language learning skills, knowledge of current affairs, diplomacy, neutrality, organization and confidentiality. strong interpersonal skills and the ability to break down cross-cultural communication barriers. Adept at strategically identifying, devising, and implementing customized solutions to support global business strategies and needs.

My education in International Business has equipped me with a deep understanding of global economic and political systems.

passionate about the advancement of foreign affairs, economic opportunity,international trade ,relation and participation.I am excited about the opportunity to use my skills and passion to represent country and promote its interests abroad.

well versed in the region's key strategic areas: Enterprise Development, International Trade,Foreign service,Interational Relation,Public Policy,Empowerment, Leadership Development, Social Inclusion, and Capacity Building.

Proficient in diverse areas of corporate expertise, including corporate collections, international business management, negotiation, strategy development, international trade, foreign affairs and bank resolution, international relations, foreign policy, real estate, corporate development, banking, research, public policy, strategic planning, and communications.



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