The volume of trade exchange between the UAE and the European Union (EU) is expected to be stable and at its 2011 levels due to economic recession prevailing in the EU nations, said economists.
Dr. Numan Ashour, a chief economist and analyst at the CNBC Arabia, told Gulf News that the volume of trade between the UAE and the EU in 2012 will be similar to that in 2011 at around Dh147 billion.
Dr. Mohammad Amerah, economic adviser at Sharjah Chamber of Commerce and Industry, told Gulf News “the trade exchange has been influenced by the high prices of oil this year and the decline of production in the EU markets.”
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