Abu Dhabi: Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade of the United Arab Emirates (UAE), met with the Italian Business Council in the UAE to discuss strategies for increasing trade, investment, and private sector collaboration between the two countries. The meeting underscored the UAE's commitment to strengthening its economic ties with Italy, a key partner within the European Union.
During the discussions, Al Zeyoudi emphasised the importance of the UAE-Italy economic relationship and noted the substantial growth in trade between the two countries, with non-oil bilateral trade reaching US$14 billion in 2024, a significant increase of 19.7% from 2023 and a 22.2% rise since 2022, according to the Emirates News Agency (WAM).
In the first half of 2025, bilateral trade amounted to US$7.9 billion, marking a 14.6% year-on-year increase compared to H1 2024 and a 12.3% rise from H2 2024. In 2024, Italy stood as the UAE’s leading partner in non-oil trade among EU countries and 12th globally, making up 1.7% of its total global trade.
The meeting served as a platform to discuss various ongoing initiatives and agreements aimed at leveraging the existing trade and investment framework for mutual benefit. Al Zeyoudi emphasised the importance of investing in sustainable and innovative projects that create jobs and generate lasting economic value in both countries.
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