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US Under Secretary of Commerce alludes to the role of UAE as a strategic trade partner

posted on 04/12/2010: 966 views

Washington, D.C. - Francisco J. Sanchez, Undersecretary of the U.S. Department of Commerce for International Trade, said that UAE will continue to play an important role in the scope of the efforts to promote the National Export Initiative (NEI) launched by President Barack Obama to double American exports by 2015, in terms of providing the local market thanks to the ideal location of UAE and its position as a hub of global trade.

Sanchez added that NEI put trade promotion at the top of the agenda of the U.S. administration, stressing that the government and the business institutions in the US are committed to working with the UAE in its efforts to achieve greater diversification and economic progress.

Sanchez was dressing a gathering organised by the US-UAE Business Council which was attended by more than 100 representatives of various companies, senior US officials and members of the UAE embassy in Washington.

Sanchez also hailed the strong commercial ties between the US and the UAE and asserted the success achieved by the National Export Initiative launched by President Obama.

He noted that the United States of America has achieved an increase by 300 percent in the overall trade with the UAE during the period between 2000 and 2009 while the percentage of U.S. exports to the UAE surged by more than 400 percent. – Emirates News Agency, WAM


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