Lord Davies projects that trade between the UK and UAE could grow to nearly $40 billion by 2030, advocating for a close economic partnership agreement emphasizing digital and tech industries.
- The projected trade value is £30 billion, equivalent to $39.6 billion by 2030.
- The proposed CEPA would focus on areas such as artificial intelligence, data, and technology.
- Lord Davies made these observations in an interview with Arabian Business.
Why it matters
Companies engaged in international trade and technology sectors within the UAE could see evolving opportunities and regulations as bilateral agreements like CEPA develop, impacting supply chain strategies and market access.
Source: Arabian Business
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