UAE and Estonia Discuss Strengthening Trade and Investment Ties
Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Tiit Riisalo, Estonia's Minister of Economic Affairs and Information Technology, met in the UAE to discuss further developing the trade and investment relationship between the two nations.
Their discussions focused on identifying promising sectors for collaboration, particularly in digitization, advanced technologies, AI, and health-tech. They noted the significant increase in bilateral trade between the UAE and Estonia in 2023, reaching USD 176.3 million, and expressed their commitment to building on this momentum.
Both parties explored opportunities for diversifying trade products and sectors, enhancing trade facilitation measures, and fostering closer cooperation in advanced technology, food security, and sustainable development.
Al Zeyoudi highlighted the UAE's commitment to providing a conducive business environment for Estonian businesses seeking to leverage the UAE's connectivity and logistics infrastructure to expand into markets in the Arab world, Asia, and Africa. He emphasized the mutually beneficial opportunities for collaboration in areas such as AI, digital healthcare, and food security.
Riisalo expressed his appreciation for the UAE's efforts in promoting bilateral trade and welcomed the opportunity to deepen cooperation between the two nations. He highlighted Estonia's strengths in digital innovation, e-commerce, and clean technology, which present promising avenues for collaboration with the UAE.
The meeting concluded with both parties expressing optimism about the future of bilateral trade relations and agreeing to work closely together to unlock new opportunities for economic growth and prosperity. They reiterated their commitment to fostering a strong and enduring partnership that benefits businesses and citizens of both nations.