The UAE and France have strong trade ties, with imports from the European nation topping $5bn, said Axel Baroux, the French Trade Invest Commissioner to the UAE and the Regional Director of Business France in the Middle East.
He added that more than 600 French companies operate in the UAE and they are looking to sign new agreements and trade deals.
The United Arab Emirates is a key market for French businesses due to its strategic location as a hub and gateway to the entire region.
UAE-France trade
Baroux highlighted the strong trade and investment ties between the United Arab Emirates and France. He pointed out that French exports to the United Arab Emirates exceed EU4.8bn ($5.1bn), while UAE imports from France exceed EU2.5bn ($2.7bn)
He pointed out that French exports to the United Arab Emirates span a wide range of sectors, including food, food processing equipment, and transportation equipment, with the pharmaceutical, health, and cosmetics industries leading the way.
At the Gulfood Manufacturing exhibition in Dubai, France is represented by 48 companies, 20 of which specialise in food processing and 28 in agricultural and food equipment and logistics services.
Baroux noted that French exhibitors are seeking to establish new partnerships, sign agreements, and enhance cooperation with specialised entities in the field of food industries and agricultural equipment in the Middle East region.
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