Abu Dhabi – Mubasher: Non-oil trade exchange between the UAE and Armenia reached AED 920 million in 2017, compared to AED 375 million in 2015.
Trade exchange between the two countries has doubled in the last three years, which guarantees growth in trade in the future through the possibility of benefiting from available opportunities, according to a recent report by the Ministry of Economy.
Re-exporting from the UAE to Armenia make up the largest share of total trade between the two nations, amounting to AED 561 million last year, state-run news agency Emirates News Agency (WAM) reported.
It is worth noting that Armenia’s economic growth exceeded 7% in 2017 on the back of the country’s policies and reforms in a number of sectors, according to a report issued by the World Trade Organization (WTO).
