The UAE and Italy are looking for strategies to enhance intra -trade and investment flows
Abu Dhabi, September 10/ WAM/ His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, held a meeting with the Italian Business Council in the UAE, during which strategies for enhancing trade and investment flows were discussed by empowering the private sector in the two countries.
His Excellency Al -Zyoudi stressed during the meeting the UAE’s commitment to strengthening its economic ties with Italy, which represents an essential partner for the state within the European Union, stressing the importance of economic relations between the UAE and Italy and pointed to the remarkable growth in trade between the two countries after the value of non -oil bilateral trade amounted to 14 billion dollars in 2024, an increase of 19.7% over 2023 and 22.2% from 2022.
He explained that during the first half of the year 2025, the value of bilateral trade amounted to 7.9 billion dollars, which represents an annual increase of 14.6% compared to the first half of 2024 and an increase of 12.3% over the second half of 2024 .. Italy emerged in 2024 as a leading partner of the UAE in non -oil trade within the European Union countries, and the twelfth globally, to form 1.7% of its total global trade.
His Excellency Dr. Thani Al -Zyoudi said that the UAE and Italy are committed to continuing to improve their economic partnership, which witnessed the growth of non -oil trade flows at an accelerated rate during the past five years and our discussions today focused on expanding the paths of cooperation within the private sector in a way that achieves mutual interests and we look in particular to explore projects in the fields of technology, renewable energy, health care and infrastructure that can push growth in our two countries.
His Excellency added that through joint work, we continue to open new opportunities prospects that push the wheel of economic growth, and contribute to supporting the sustainable development of the two countries, explaining that the meeting witnessed the discussion of various initiatives and agreements between the two countries and aimed at benefiting from the framework of trade and investment that exists to achieve mutual interests.
He stressed the importance of investing in sustainable and innovative projects that generate job opportunities and add sustainable economic value in the two countries. Bilateral relations between the UAE and Italy are witnessing qualitative developments in all fields in light of the keenness of the two sides to support partnerships that achieve sustainable growth and technological development.
At the end of the meeting, the two countries affirmed the joint commitment to continue to explore cooperative projects that will enhance trade relations and economic ties between the UAE and Italy, which paves the way for a prosperous future for the two countries.
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