UAE adopts agenda to access 25 new global markets - GulfToday

UAE adopts agenda to access 25 new global markets


Sheikh Mohammed chairs Cabinet meeting at Qasr Al Watan in Abu Dhabi on Sunday.

Gulf Today, Staff Reporter

The UAE Cabinet on Sunday adopted the National Agenda for Non-oil Export Development to access 25 new global markets and advance its foreign trade.

This came during the UAE Cabinet meeting chaired by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum at Abu Dhabi's Qasr Al Watan on Sunday.

The UAE’s non-oil trade exceeds Dhs1.5 trillion annually with a network that reaches 400 cities.

Cabinet also approved the National Manual for Measurement of Research and Development Expenditures in the government sector.

The UAE spends 1.3% of its GDP on R&D, which is at the core of the knowledge-based economy we aim to boost.

The Cabinet also approved legislative amendments in healthcare, education, economy, emergency response and crisis management, with aims to provide the best quality of life based on a stable and diversified economy.

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