23.8% increase in certificates of origin within 5 months

A recent research study prepared by the Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Etihad Credit Insurance Company, entitled “Expanding Export Opportunities – Accelerating the Growth of UAE Exports to the World”, showed a 23.8% increase in the number of certificates of origin issued by the Chamber on an annual basis during the first five months of this year compared to last year, indicating the increasing growth in Abu Dhabi’s exports abroad, and reflects local efforts to increase trade opportunities, and enhance the emirate’s global commercial footprint. The study pointed out that the top 10 regional and global markets targeted by the exports of the members of the “Abu Dhabi Chamber” are: Saudi Arabia, Kuwait, Oman, Qatar, America, Egypt, Bahrain, Jordan, Iraq, and India.

She also pointed out that the Chamber’s efforts contributed to increasing local commercial activity compared to last year, which coincided with a remarkable growth in the number of new industrial companies registered with the Chamber, as the transportation and storage sector witnessed the highest growth rate, recording a significant increase on an annual basis of 78% during the first five months of this year, compared to the same period of the previous year.

The study showed that the total value of the UAE’s non-oil foreign trade with countries with which it has signed Comprehensive Economic Partnership Agreements (CEPA) and countries with which negotiations are nearing completion, rose to more than AED 390.5 billion by the end of last year.

The study confirmed that the comprehensive economic partnership agreements contributed greatly to driving the country’s economic growth and enhancing the access of Emirati traders to new foreign markets.