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UAE-UK to Boost Trade by 60pc by 2015
ABU DHABI — The UAE Ministry of Economy has adopted a ‘focused action plan’ to boost bilateral trade in goods and services with the UK from the current level of Dh45.7 billion (£7.5 billion) to Dh73 billion (£12 billion) by 2015, as agreed at the recent UAE-UK Joint Economic Committee, or JEC, Meeting.
Minister of Economy Sultan bin Saeed Al Mansouri said that the ministry would explore the possibility of setting up a UAE-UK Federal Business Council that builds on the excellent work the British business groups in the UAE were currently undertaking.
The ministry will co-ordinate with concerned parties to discuss this proposal mooted at the JEC and inform the UK about the UAE’s recommendation, Al Mansouri said in a Press statement.
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