Foreign trade between the two countries was divided over the past year between 25.2 billion dirhams (6.8 billion dollars) the value of imports, and about 4.2 billion dirhams (1.14 billion) the value of exports and re-exports.
The report on the volume of trade between the United Arab Emirates and France showed the growth of foreign trade over the past three years of 49%, from 19.7 billion dirhams (5.36 billion dollars) in 2020 to 29.4 billion dirhams (about $8 billion) at the end of last year.
The report included data on trade between the two countries during the period 2013-2022, highlighting the growth of trade between the two sides in 2014 to 27.4 billion dirhams ($7.46 billion), against 24.58 billion dirhams (6.69 billion dollars) in 2013.
And according to the report data, precious metals and jewelry raw materials topped the list of the top 5 raw materials imported from France in the year 2022, with a value of 2.96 billion dirhams, followed by jet engine goods worth 2.58 billion dirhams, perfumes worth 2.1 billion dirhams ($571.8 million) and medicines worth 1.4 billion dirhams ($381.2 million), and bags worth 1.3 billion dirhams (about $354 million).
On the other hand, the Emirati and French parties have launched a joint program that brings together the experiences of the two countries to develop sustainable investment business opportunities with the aim of accelerating clean energy solutions, particularly in the field of the removal of carbon from sectors where it is difficult to reduce emissions, which includes the use of clean hydrogen solutions in the field of transport, in light of the preparations for the UAE to host the Conference of the Parties “COP28 “.
The Emirati and French partnership in the clean and renewable energy sector through the main companies operating in this sector of the two countries has contributed to the development, investment and operation of more than 6.2 gigawatts of energy projects. clean and renewable energy around the world, including two projects in the UAE which are considered one of the largest solar energy projects at Site One globally, in addition to investments worth 6 billion dollars and helping to avoid carbon emissions estimated at 10 million tonnes per year.
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