Current State and Prospects of the Development of Foreign Trade in the UAE

Abstract

The UAE have been diversifying its exports and gradually becomes oil independent country. During past years oil and oil products dominated in the The UAE’s export. Nowadays, significant part of export and re-export is a wide range of goods. The UAE have developed transport infrastructure that makes country especially important as transport and economic hub. The article provides an analysis of the current situation of the United Arab Emirates (UAE) foreign trade.