The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
The UAE will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties with, hoping it can wrap up some of those talks within a year, its trade minister said on Tuesday.
The Gulf state, already a hub for global trade, this month announced plans to strengthen trade and economic ties with India, the United Kingdom, Turkey and South Korea, among others.
“We really do hope that ... at least the first ones are going to be concluded within six months to one year. So we are talking about a very aggressive, quick work and quick negotiations,” Minister of State for Foreign Trade Thani Al Zeyoudi said.
He did not identify any country.
The UAE would bilaterally pursue what Al Zeyoudi called comprehensive economic accords with the eight countries on trade, foreign direct investment and sectors like tourism.
The other countries the UAE has said it wants to deepen trade ties with are Ethiopia, Indonesia, Israel and Kenya.
The UAE’s push to bolster its status as the Middle East commercial hub comes after it was hit hard by the pandemic with its economy contracting last year, and as it faces increasing economic competition from Saudi Arabia.
Al Zeyoudi said the UAE was focused on strengthening its own economy and, without naming Saudi Arabia, was not paying attention to what others were doing in region, though added that economic competition between states was natural and healthy.
The renewed focus on the economy also follows a reset of its assertive foreign policy that has seen it take steps to mend strained ties with regional power Turkey and neighbour Qatar.
The UAE wants economic and trade relations with those countries, as well as regional power Iran, Al Zeyoudi said.
Al Zeyoudi, who is in the United States, also said he had discussed US tariffs on UAE aluminium and steel imports with US counterparts and that he hoped the matter would be “sorted.” — Reuters
The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
The Jamaican currently holds world records in the 100m, 200m and 4x100m with times of 9.58s, 19.19s and 36.84s respectively
Total property income posted year-on-year growth of 10% to $74m, highest value ever
All official donation channels however remain open through the outlets announced by government agencies
The Starlight Park is a four-building freehold community in Meydan
The 22-time major champion admits his farewell tour hasn't been as enjoyable as he would have hoped
Eating out, poor hand hygiene and erratic weather may be among causes, say medics
The goal-scoring striker is suffering from a muscle injury sustained during the Champions League quarter-final loss to Real Madrid