{"id":107615,"date":"2025-09-18T00:00:00","date_gmt":"2025-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-and-13-other-nations-launch-new-trade-bloc\/"},"modified":"2025-09-18T00:00:00","modified_gmt":"2025-09-18T00:00:00","slug":"uae-and-13-other-nations-launch-new-trade-bloc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/18\/uae-and-13-other-nations-launch-new-trade-bloc\/","title":{"rendered":"UAE and 13 other nations launch new trade bloc"},"content":{"rendered":"

UAE among 14 countries in new trade bloc: <\/strong>The UAE joined 13 other countries yesterday to launch the Future of Investment and Trade (FIT) Partnership, according to a statement from the New Zealand government<\/a>. The initiative is meant to boost investment flows and address emerging trade challenges through a rules-based approach. State news agency Wam<\/a> also picked up the news. <\/p>\n

We knew this was coming: <\/strong>Earlier this month<\/a>, the UAE was reportedly preparing to spearhead a smaller World Trade Organization-member trade bloc focused on trade openness and international rules. The group \u2014 which was expected to launch virtually in November with 10 members \u2014 was pitched as a way to give smaller economies a stronger collective voice as US reciprocal tariffs roiled global trade and hit Asian and African countries hardest.<\/span><\/p>\n

Who\u2019s in: <\/strong>The bloc\u2019s founding members are the UAE, Singapore, New Zealand, Switzerland, Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Morocco, Norway, Panama, Rwanda, and Uruguay. <\/p>\n

The priorities: <\/strong>The bloc will focus on practical initiatives including strengthening supply chains, cutting non-tariff barriers, facilitating foreign direct investment, and adopting new trade technologies. Earlier reports also suggested it could prioritize digital trade standards such as e-signatures and electronic documents. It is designed to remain non-binding and flexible.<\/p>\n

The UAE\u2019s non-oil foreign trade has been on the rise:<\/strong> Non-oil foreign trade jumped 24% y-o-y<\/a> to nearly AED 1.7 tn in 1H 2025, with exports up 44.7% to a record AED 369.5 bn, accounting for 21.4% of total non-oil trade. Trade made up the largest share of non-oil GDP in 1Q 2025 at 15.6%<\/a>, with the sector now on track to hit AED 4 tn<\/a> by 2027 \u2014 four years ahead of the original 2031 target. <\/p>\n","protected":false},"excerpt":{"rendered":"

The bloc will focus on strengthening supply chains, cutting non-tariff barriers, and facilitating foreign direct investment<\/p>\n","protected":false},"author":1,"featured_media":107616,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1635],"tags":[1334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-trade","wpautop","entry"],"acf":{"mongo_id":"51bb3f02-7229-4a0b-aa23-01a14fb43506","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/1058.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE and 13 other nations launch new trade bloc","related_issue":[107596],"teaser":"The bloc will focus on strengthening supply chains, cutting non-tariff barriers, and facilitating foreign direct investment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.7ccc79ff-0c55-457b-9a03-39547cbe1453.mp3"},"yoast_head":"\nUAE and 13 other nations launch new trade bloc - 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