792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

3. Overview of Industries Trade and Commerce
The UAE became a contracting party to the General Agreement on Tariffs and Trade
(GATT) in 1994, and subsequently became a member of the World Trade
Organization (WTO) in April of 1996. This engagement with international
organizations stems from the UAE’s commitment to international trade and its
obligations under the multilateral trade policy regime. Today, the UAE has
regulations in place that aim to strengthen the country’s position as an open
economy, one that welcomes international trade and competition.
Main Industry
Petroleum and petrochemicals;
Fishing,
Aluminum,
Cement,
Fertilizers,
Commercial ship repair,
Construction materials,
Boat building,
Handicrafts,
Textiles
Major Trading Partners
Exports: Japan, India, Iran, South Korea, Thailand.
Imports: India, China, US, Germany, Japan.
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