Skip to main content

2024 off to a promising start: UAE’s focus on regional stability and economic development

 

The UAE is focusing on diplomacy and economic cooperation in 2024, with a focus on the country’s CEPA programme. The Gulf state announced a limited cabinet reshuffle to infuse more expertise and youthful energy into decision-making and reinforce the core pillars of security, prosperity, and innovation. The UAE has concluded 10 comprehensive economic partnership agreements, marking the current year as a pivotal milestone in forging global connections.

The benefits of CEPA agreements include enhanced market access, simpler customs procedures, lower or eliminated tariffs, clear and transparent rules, and rules-based competition. The CEPA programme is expected to boost the country’s exports by 33% and contribute more than $41.7 billion to the national gross domestic product by 2031.

During the latest official trip of HH President Sheikh Mohamed bin Zayed to Baku, the UAE and Azerbaijan signed several key memorandums of cooperation, covering strategic collaboration, investments, and financing. These agreements marked a significant step in bilateral relations between the two countries. The UAE focuses on two fronts: fostering cooperation to address conflicts, crises, and unresolved issues to generate just and sustainable solutions and enhancing stability through prosperity, participatory, and economic diplomacy.

The cornerstone of the UAE’s foreign policy is multilateralism, believing collaboration is the most effective means of achieving solutions to conflicts and addressing transnational challenges. The nation frequently advocates for regional integration for security and is committed to maintaining international peace and stability. In the raging Israel-Gaza situation, the UAE has frequently called for de-escalation and a ceasefire, pursuing a political horizon leading to a just and comprehensive solution.

In 2024, the UAE announced its participation in NASA’s Lunar Gateway Station alongside the US, EU, Canada, and Japan. This is one of the most important international space projects of the 21st century, allowing the UAE to send the first Arab astronaut to the Moon.

Labels:

Comments

Post a Comment

Popular posts from this blog

UAE and US issue joint statement on cooperation on artificial intelligence

  UAE President Sheikh Mohamed bin Zayed and US President Joe Biden met on Monday in the US during an official visit by the Emirati leader. This visit marks the fourth bilateral meeting between the two leaders during the Biden-Harris administration. During their discussions, Mohamed bin Zayed and Biden reaffirmed the strong UAE-US strategic and defense partnership, explored ways to enhance cooperation in advanced technology and investments, and addressed global and regional issues. Both leaders committed to pursuing further opportunities to strengthen their partnership, promote peace and stability in the Middle East and beyond, and provide global leadership on key shared issues. The UAE-US relationship, spanning five decades, is built on a solid foundation. Building on the vision of Mohamed bin Zayed and Biden to advance safe artificial intelligence, UAE national security advisor Sheikh Tahnoon bin Zayed and US national security advisor Jake Sullivan reaffirmed their countries' coo...
Post a Comment
Read more

Sheikh Khaled bin Mohamed’s official trip to India holds great importance for UAE-India bilateral relations

  His Highness Sheikh Khaled bin Mohamed is making his first official visit to India , accompanied by several UAE ministers and a business delegation. The visit marks a significant step in strengthening UAE-India bilateral relations. Upon his arrival on September 8, Sheikh Khaled was welcomed by India's Commerce and Industry Minister Piyush Goyal. His visit includes a comprehensive agenda, with discussions between Sheikh Khaled and Indian Prime Minister Narendra Modi focusing on key areas of bilateral cooperation. Additionally, Sheikh Khaled is scheduled to meet with Indian President Droupadi Murmu. The ongoing Israel-Hamas conflict may also be part of the dialogue, as reported by NDTV. On the second day, Sheikh Khaled is expected to participate in a business forum in Mumbai, attended by business leaders from both nations, further underscoring the growing trade and investment ties between the UAE and India. The UAE and India have a long-standing relationship, established in 1972, w...
Post a Comment
Read more

International Day of Charity: UAE making philanthropy a sustainable effort as foreign aid surpasses $98 billion

  The UAE is commemorating the "International Day of Charity" on September 5, having provided over Dh360 billion ($98 billion) in foreign aid since its establishment in 1971 through mid-2024. This reflects the nation's leadership in fostering sustainable and inclusive philanthropy. For decades, the UAE has extended significant assistance to countries and communities worldwide, aiming to reduce poverty, promote social and economic development, alleviate the impacts of disasters, and contribute to global peace and security. The International Day of Charity is an annual event dedicated to enhancing global solidarity. It underscores the importance of supporting essential public services like health, education, and housing while assisting global communities in urgent need. Guided by its core values of generosity, solidarity, and volunteerism, the UAE has consistently provided aid to those affected by conflicts, disasters, and crises, regardless of race, religion, or nationali...
Post a Comment
Read more