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00:00 The UAE is advancing despite the global challenges that are surrounding the extension chains and other disruptions.
00:08 The first half of foreign trade, other than oil, has grown significantly.
00:13 These figures are in line with what has been achieved in the last five years.
00:18 We will talk about the details.
00:20 First, we have an increase in foreign trade in the UAE by 14% or more than 14%
00:28 compared to the same period in the previous year.
00:30 As for the second half of the year, in 2022, the percentage recorded was 3%.
00:36 The number achieved is the trillion, with about 240 billion dirhams.
00:43 Exports grew by 11% on an annual basis.
00:47 We have another growth that exceeds 5% on the basis of the first half compared to the second half of the previous year.
00:55 These figures also show that imports have reached a 17% increase, and exports have also returned.
01:01 Exports have actually grown by more than 16% of all foreign trade in the UAE.
01:09 With these figures that were achieved during the first half, despite the global challenges surrounding it,
01:15 the UAE has set a target for the current year to reach non-oil foreign trade
01:22 of more than 2.5 trillion dirhams.
01:26 But what about the most prominent strategic and commercial partners of the UAE?
01:31 According to the first half figures, we are talking about the top five countries,
01:37 China, India, the United States, Saudi Arabia, and Turkey.
01:40 Turkey is attracting attention here because the economic partnership agreement was signed
01:46 in the last period. We expect it to enter into effect in the coming period.
01:51 But despite the fact that this agreement has not yet entered into effect,
01:54 we have a growth of 87% on an annual basis, and it is in the first place among the highest growth rates
02:00 in international trade with the UAE, and represents about 4% of all foreign non-oil trade in the UAE.
02:09 Exports, of course, come at their peak in gold, aluminum, oil, and copper.
02:13 If we take gold, there is a 41% growth during the first half, approximately.
02:19 But what has supported these figures in the last period?
02:23 We have, of course, these movements for foreign trade in the UAE during the past four years.
02:29 In 2022, we achieved a historical level, we exceeded the levels of 2.2 trillion dirhams,
02:37 and therefore these figures are moving forward.
02:40 The UAE Vision aims to reach 4 trillion dirhams,
02:45 and to increase exports to 800 billion dirhams.
02:49 We had a number of innovations that have emerged in the last period,
02:53 including the integration of the UAE into the BRICS group,
02:56 and also the start of trade deals based on local currencies,
03:01 as was the case with the agreement with India.
03:04 There were also expectations or targets to sign about six joint agreements,
03:10 which were completed during the current year, and we witnessed an agreement with Cambodia.
03:15 These agreements reduce or liberate the BRICS,
03:19 and ultimately reflect the inflation that is being controlled in the last period in a good way.
03:25 period.