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UAE, US sign deal to lower trade barriers by aligning on standards

 

ABU DHABI / WAM

The UAE’s Ministry of Industry and Advanced Technology (MoIAT) on Friday signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth.
The MoU was signed during the ISO Annual Meeting 2022, which is taking place in Abu Dhabi this week. The MoU, one of two signed on Thursday, is in line with the ministry’s efforts to collaborate with global partners in the field of standardisation as part of its work to align with international standards and best practices.
Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, and S. Joe Bhatia, President and Chief Executive Officer of ANSI, signed the MoU.
He commented, “ANSI is a valued partner and globally renowned standards organisation that shares our commitment to collaboration. Our MoU will help the UAE and US to capitalise on the strong ties between our two nations. Bilateral trade between the UAE and US stood at more than $23 billion in 2021. We can further build on this positive growth by lowering trade barriers.”

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