Middle East, News

Ministry of Economy launches UAE trade relations app

ministry-of-economy-appThe UAE’s Ministry of Economy (MoE) has launched an interactive and smart online application in an attempt to strengthen the country’s economic and foreign trade relations with countries across the world.

The platform will provide updated information on each country in relation with the UAE alongside its economic indicators, key figures, foreign investment agreements, and joint trade committees. The app should enhance the speed and accuracy of obtaining information regarding federal and local government agencies and the domestic private sector, accord to MoE.

Minister of Economy HE Eng. Sultan bin Saeed Al Mansoori emphasised MoE’s commitment to innovate and implement intelligent solutions that will enhance the delivery of government services through the integration of the latest technologies. This is in line with the country’s aspiration to lead the Smart E-Services Index according to the objectives of the National Agenda 2021.

According Al Mansoori, the new application contains up-to-date data regarding the UAE’s economic and foreign trade relations with other countries as well as investment data. It seeks to ensure efficient delivery of services, in addition to improving transparency and information accessibility.

Developed by the Department of Analysis and Trade Information, which is based in the Ministry’s Foreign Trade sector, The app features data on 217 countries in Arabic and English. Details cover the volume of investments, the number of trademarks, agencies, companies, and the investments of these countries in the UAE in terms of value and sectors; the UAE’s investments in these countries; signed agreements; and other general information such as economic indices according to World Bank reports.

The app also contains data on total non-oil foreign trade, including the volume of direct trade from 1999 to Q3 2016, and the volume of trade in free zones from 2011 to Q3 2016. All data is updated automatically.

Additionally, it presents information including the top five commodities for non-oil exports, imports, and re-exports. It also includes information on bilateral agreements and memorandums of understanding, joint committees and events, and delegation visits.

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