UAE working on strategy to boost trade: Lubna

Foreign trade minister says strategy in place to face global market challenges

Sheikha Lubna Al Qassimi, Minister of Foreign Trade, has said that ministry is working on innovative strategy to make UAE trade competitive globally.

Addressing her annual Ramadan meeting with employees of the ministry, she said the UAE is working on realistic policies and innovative models to enhance UAE trade globally in tandem with government vision and its developmental strategy.
Sheikha Lubna said that the ministry relies on new methodologies and sophisticated and modern tools to deal with strategies to develop the components of the state's foreign trade, increase national exports to foreign markets, develop UAE's global trade position and face challenges in regional and global markets.

She urged the employees to strengthen efforts, develop initiatives that meet strategies and objectives of the ministry, better promote the UAE and its growing economy, strengthen the presence of UAE products in global markets and increase foreign investment in UAE markets, which will lead to raising the competitiveness of UAE economy worldwide.

Sheikha Lubna and Abdulla Ahmed Al Saleh, Director General of the Ministry of Foreign Trade, during the meeting, also honoured the best employees.

The ministry's initiatives also contributed in the increase of non-oil exports significantly despite the continued erosion of trade in the world. The UAE has also ranked 19 among the most important countries in commodity exports in WTO report in 2009, made up two places in the "Global Enabling Trade Report" issued by the World Economic Forum and topped the list of Middle East and North African countries and ranked 16 worldwide.

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