UAE is Australia’s high buying and selling accomplice within the Middle East

An Australian commerce official praised commerce relations with the United Arab Emirates right now. 

Justin McGowan advised the official Emirates News Agency that the UAE is Australia’s high buying and selling accomplice within the Middle East. McGowan, from Australia’s Department of Foreign Affairs and Trade, made the remarks on the Expo 2020 Dubai cultural discussion board.

“The key message that we would like to convey to Australians back home is that our participation in Expo 2020 Dubai provides a platform for Australia to pursue economic recovery opportunities, particularly in the sectors and markets most impacted by COVID-19,” mentioned McGowan, who leads Australia’s delegation to the occasion. 

Australia is a G-20 economic system and has geopolitical significance as a result of its proximity to China. Thousands of Australians and a whole lot of Aussie firms are primarily based in Dubai, and the town can be a main transit hub for Australians touring abroad

McGowan added that bilateral commerce between the UAE and Australia is valued at $7.1 billion. He additionally mentioned the Emirates is Australia’s second-largest supply of funding within the Middle East. The UAE isn’t among the many high 20 international locations investing in Australia, nevertheless, in line with statistics from Australia’s Department of Foreign Affairs and Trade. 

Many Middle Eastern international locations are additionally taking part in Expo 2020 Dubai, which runs via March of 2022. Egypt is displaying artifacts from its historical civilization in a bid to spice up tourism. Israel additionally despatched official delegations targeted on agriculture, power and expertise to the discussion board. 

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