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Dubai / WAM
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, said that economic relations between the UAE and Iraq have witnessed unprecedented growth over the past years due to the willingness of the two countries to strengthen their relationship on all levels.
“Volume of non-oil trade between the UAE and Iraq reached a relatively high rate at $11 billion in 2016. Considering the complicated geopolitical challenges and the high rate of the economic variable in the region over the few past years, we view this rate of trade as a positive indicator that expresses the awareness of both countries to build
a strong and sustainable trade partnership,†Al Mansouri said.
He was addressing the UAE-Iraq Trade and Investment Forum, organised by the Abu Dhabi Chamber of Commerce and Industry, in co-operation with the UAE Ministry of Economy, with the attendance of more than 300 Emirati and Iraqi companies operating in different investment sectors.