Study Highlights Importance of Trade and Investment with the U.A.E.

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WASHINGTON, D.C.—The U.S.-U.A.E. Business Council released its Trade and Investment Report today to outline the growth of trade between the two countries and highlight future expectations for business partnerships amid the current economic downturn.

“This report is an important measure of the economic growth developing between our countries,” said Danny Sebright, president of the U.S.-U.A.E. Business Council.  “This is just one of many signs that the growing partnership is of great importance to American companies and workers.”

The report, entitled The U.S.-U.A.E. Trade and Investment Relationship: 2009,was prepared by Professor Michael O. Moore, founding director of the Institute for International Economic Policy at the George Washington University’s Elliott School of International Affairs.

“This has been one of the fastest growing U.S. economic partnerships in the world,” Moore writes.  “The volume of U.S. exports and foreign direct investment into the U.A.E. in recent years has grown dramatically and far greater than the comparable figures for the world as a whole.

The report determines that U.S. exports to the U.A.E. increased from $3.6 billion in 2002 to $15.7 billion in 2008.

A complete copy of the report is available at:  The U.S.-U.A.E. Trade and Investment Relationship: 2009

Professor Moore is available for media inquires.  For more information, or to request an interview, please call 202-463-5682.

The report is part of the U.S.-U.A.E. Business Council’s effort to promote the bilateral trade relationship and raise awareness about American companies’ involvement in the U.A.E.  Over 30,000 Americans and 750 U.S. firms are operating in the U.A.E.  The country has evolved into being the center of globalization and international trade in the Middle East and a new hub between East and West.