{"id":17102,"date":"2024-01-26T13:01:41","date_gmt":"2024-01-26T09:01:41","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=17102"},"modified":"2024-01-26T13:01:43","modified_gmt":"2024-01-26T09:01:43","slug":"uae-minister-of-state-for-foreign-trade-on-the-countrys-growth-forecast","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2024\/01\/26\/uae-minister-of-state-for-foreign-trade-on-the-countrys-growth-forecast\/","title":{"rendered":"UAE Minister Of State For Foreign Trade On The Country\u2019s Growth Forecast"},"content":{"rendered":"\n

CNN\u2019s\u00a0Becky Anderson<\/strong>\u00a0spoke to the UAE\u2019s Minister of State for Foreign Trade\u00a0Thani Al Zeyoudi<\/strong>on the ground in Davos about his forecast for the UAE\u2019s growth this year, and the status of the country\u2019s strategic relations.\u00a0<\/p>\n\n\n\n

Key quotes from Al Zeyoudi:<\/u><\/strong><\/p>\n\n\n\n

On his outlook for GDP growth in 2024:<\/strong><\/p>\n\n\n\n

\u201cLet\u2019s go back a year ago. And that was last year. Everyone was very pessimistic about the global growth, and there will be \u2014 there would be a recession throughout 2023. We ended the year without recession. So, we\u2019re starting the year of 2024 with the same mistake. But no, there will be growth. It won\u2019t be as much, but at least we\u2019re going go toward the right direction hopefully.\u201d<\/p>\n\n\n\n

\u201cThis year is going to be continuing the growth. We\u2019re expecting a growth more than what we achieved in 2023.\u201d<\/p>\n\n\n\n

On the UAE\u2019s growth strategy given regional instability:<\/strong><\/p>\n\n\n\n

\u201cWe have to focus on our vision. And our vision is to continue the growth and the development. If we\u2019re going to be distracted with such major stuff that\u2019s happening in the region, we\u2019ll not achieve our goals. We\u2019re living in a region which has been going through a major event for the last 20 years. Did that distract us? No. We continue with the same vision continuity. What\u2019s going to be next? We\u2019re going to continue our openness, reaching out to countries, diversifying our international investments, diversifying our local investments and reaching out to new partners.\u201d\u00a0<\/p>\n\n\n\n

On strengthening ties with countries around the world:<\/strong><\/p>\n\n\n\n

\u201cSo far, we concluded 13 agreements in two years with countries beating each other when it comes to the timeline. We always get into an agreement with the countries that we have to do it in a short period. Otherwise, the global economy is changing. Our domestic economies are changing and will not be able to reflect whatever we agreed at the beginning on the negotiation so far.

How we\u2019re going to move by 2024 and moving forward, we want to reach to 90 percent of the global trade. And this year, we\u2019re going to focus heavily on Africa, some of the far east of Asia and Latin Americas. We\u2019re about to close a few countries as well very soon. So, the first quarter of this year is going to have a couple of agreements, which is almost at the final touches.\u201d\u00a0

On strategic relations with India:<\/strong><\/p>\n\n\n\n

\u201cLast year, 2023 until the end of September, our non-oil trade numbers grew by 12.2 percent.

Although the whole world went in a decline. This is basically because of the movements that which we did and the openness which we had to the whole ecosystem in the UAE.

India, we\u2019re moving ahead toward the $100 billion bilateral trade, and things are progressing.\u00a0<\/p>\n\n\n\n

Flow of investment from both sides is growing. We\u2019re the largest investor in India last year. And this year, we\u2019ll be exploring more investments.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

CNN\u2019s\u00a0Becky Anderson\u00a0spoke to the UAE\u2019s Minister of State for Foreign Trade\u00a0Thani Al Zeyoudion the ground in Davos about his forecast for the UAE\u2019s growth this year, and the status of the country\u2019s strategic relations.\u00a0 Key quotes from Al Zeyoudi: On his outlook for GDP growth in 2024: \u201cLet\u2019s go back a year ago. And that […]<\/p>\n","protected":false},"author":1,"featured_media":17104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-17102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/17102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=17102"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/17102\/revisions"}],"predecessor-version":[{"id":17105,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/17102\/revisions\/17105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/17104"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=17102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=17102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=17102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}