Deputy Prime Minister and Minister of Industry and Trade Denis
Manturov and UAE Minister of Economy Abdulla Bin
Touq Al Marri chaired the 11 meeting of the Russia-UAE
Intergovernmental Commission on Trade, Economic and Technical Cooperation.
During the meeting, the sides discussed a wide range of issues regarding
“The dynamics of bilateral trade reflect the
intensive Russia-UAE interaction. Over the past five years, mutual trade haы increased almost six-fold and exceeded $9 billion in late 2022.
Today, the UAE ranks as Russia’s largest foreign trade partner among Arab world
countries. Russian deliveries comprise various commodity groups, including oil,
petroleum derivatives, diamonds, gold, ferrous metal items and machine-building
products. We also export foodstuffs that are highly popular on the UAE market,
including wheat, barley, leguminous crops and poultry,” Denis Manturov noted.
“Our two countries are determined to continue
expanding their relations. At our
meeting today, we drafted new joint programmes of cooperation between our
countries that meet long-term UAE economic development plans. Some of them aim
to develop large, medium-sized and small companies in both countries, to expand
cooperation in tourism, the green economy, production development and investment
in the energy sector,” Abdulla Bin Touq Al Marri said.
The sides agreed to boost joint
efforts to support sustainable trade growth, expand its structure and attain
well-balanced commodity flows.
the meeting, Denis Manturov and Abdulla Bin Touq Al Marri
signed the final protocol of the 11th meeting of
the Russia-UAE Intergovernmental Commission on Trade, Economic and Technical Cooperation.
In addition, the Federal Air Transport Agency and the UAE General
Civil Aviation Authority signed
a working agreement on the airworthiness of the Mil Mi-171A2 helicopter.