US Secretary of Commerce Gina Raimondo met with Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, in Washington, DC, to discuss bolstering bilateral trade and investment ties.
Dr. Al Zeyoudi led the UAE delegation of government officials and business leaders to the 10th SelectUSA Investment Summit, which encourages and facilitates business investment in the US, to investigate growing opportunities for the UAE private sector. Dr. Al Zeyoudi was accompanied by Yousef Al Otaiba, the UAE’s ambassador to the US.
During his meeting with Secretary Raimondo, Al Zeyoudi underlined the value of economic ties with the US, which is the third-largest trading partner of the UAE globally and provides 27% of US non-oil trade with the Arab world.
The two countries’ bilateral trade was valued at US$40 billion in 2023, up 20.1% from the year before and 50.2% from 2019. The two talked about areas of shared interest, such as their continued cooperation on advancing renewable energy.Al Zeyoudi met Governor Phil Murphy of New Jersey at the SelectUSA Investment Summit, which is organized by the US Department of Commerce and brings together corporate executives and public officials. The two men talked about how UAE-based companies, investors, and family offices can enter or grow their presence in the US market in areas of shared interest, like clean energy, logistics, infrastructure development, and cutting-edge technology.
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