UAE-Germany non-oil trade at $10.9 bln in first 9 months of 2016

Non-oil trade between the UAE and Germany stood at more than US$15.5 billion in 2015, and $10.9 billion in the first nine months of 2016, said Abdullah Al Saleh, Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy.

The UAE attracted $2.8 billion in foreign direct investment, FDI, from Germany in 2015, he noted.

Some 110 German companies and 507 trade agencies are operating in the UAE, while 12,660 German trademarks are registered in the UAE, he said, during a meeting with members of the parliament of the German city-state of Hamburg.

"While these figures reflect a strong partnership, there are still prospects for wider co-operation in line with the two countries' priorities and development plans," Al Saleh said.

The public and private sectors in the UAE are keen on promoting mutual relations with German states, he said, citing renewable energy, water, transportation, technology, education, healthcare and space industry as potential areas of stronger co-operation with Germany.

Germany can benefit from the huge opportunities created by Expo 2020 Dubai, Al Saleh added

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