US to boost trade and ties with UAE

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US to boost trade and ties with UAE

The United States seeks to expand commerce with the UAE and attract greater investment from the Emirates.

According to Marisa Lago, US Under Secretary of Commerce for International Trade, the US is particularly interested in attracting foreign direct investment to clean technologies and sectors critical to the future economy.

Following the coronavirus epidemic, the US foresees a renewed focus on the pharmaceutical industry, which is a prime target for foreign investment.

The United States, being the world’s largest economy, has long been a preferred investment destination for UAE investors, who have invested in everything from technology down to real estate, private equity, and financial markets over the years.

“We’re focused on the depth of the relationship and how we might strengthen it. We have a strong trading partnership that works both ways,” Lago explained.

Lago believes there is a huge opportunity to strengthen US-UAE economic ties. BKM/ Expat Media


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