Last year marked a period of tangible advancement in the trade and commercial relationship between the UK and the UAE. Our partnership has matured, deepened and created even stronger foundations for shared future prosperity.
Progress is reflected in the numbers. In the year to the end of June last year, our bilateral trade reached a remarkable £24.8 billion ($33.4 billion), an increase of nearly 10 per cent from the previous year. UK exports climbed to £15.8 billion. An impressive 30 per cent surge in services exports, demonstrates the powerful alignment between British strengths in finance, the law, technology and consulting, and the UAE’s increasing demand for high-value, knowledge-based services.
Goods such as mechanical equipment, cars and pharmaceuticals remain a vital component of our exports, but the evolution of our trade relationship means that services now acc
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