UAE Plans to Double Re-Exports by 2030

Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
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UAE Plans to Double Re-Exports by 2030

Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)
Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum chairing the cabinet session (WAM)

The UAE approved 24 national initiatives seeking to double its re-export by 100 percent within the seven coming years through benefiting from the 50 commercial offices worldwide.

The initiatives include the establishment of a national re-export committee, which mainly contributes to supporting an increase in re-export rates. They mainly focus on developing new specialized areas in coordination with local governments and a value-added program for re-export.

The initiatives were launched during a cabinet session chaired by Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.

Sheikh Mohammed said: "We will double the country's re-export by developing specialized areas in cooperation with local governments, establishing the International Trade Links Center, launching supportive programs, and increasing foreign investments in the service sector.

The cabinet reviewed UAE's economic achievements during 2022 under the Comprehensive Economic Partnership Agreement (CEPA) with India.

The volume of non-oil trade between the two countries reached $21.5 billion by September 2022, achieving 23 percent growth in the same period in 2021 and 133 percent in 2020.

The volume of UAE non-oil exports to India recorded $5.3 billion in the same period, with a growth rate of 12 percent compared to the same period in 2021 and 154 percent compared to 2020.

"The meeting reviewed more than 19 initiatives to attract talent to the country. The UAE ranked second globally in the Competent Senior Managers indicator. Our goal is to attract the best talents in the world as we continue to empower and enable our Emirati talents and national cadres," according to Sheikh Mohammed.

The Vice President indicated that the session reviewed the Higher Commission Free Trade Negotiations results.

The UAE "signed four international agreements with four countries. The positive impact of international agreements is reflected clearly in the numbers of the UAE's foreign trade."

Sheikh Mohammed stated, "The meeting approved hosting the International Union for Conservation of Nature World Conversation Congress (IUCN) in 2025, which attracts more than 10,000 experts from more than 160 countries. The UAE will remain a leading hub for sustainability, nature conservation, and protection."

The cabinet approved a new federal law to replace the Federal Law on Maritime Commercial law, a Federal Decree Law about reorganizing the Higher Colleges of Technology (HCT), in addition to a ministerial decision adopting the UAE's approach for aircraft and unmanned aerial vehicles (Drones) products and systems in the country.

During the meeting, the cabinet approved ratifying the Comprehensive Economic Partnership Agreement with Türkiye and Côte d'Ivoire.

It also ratified the country's accession to the Arab Customs Cooperation Agreement, the Digital Economy Partnership Agreement (DEPA), and the Agriculture Innovation Mission for Climate.



Fire, Smoke Upend Western Canada’s Summer Tourism Season

 A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)
A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)
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Fire, Smoke Upend Western Canada’s Summer Tourism Season

 A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)
A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)

Severe wildfire seasons are increasingly hurting western Canada's lucrative tourism industry, with some visitors beginning to avoid the busy late-summer months due to concerns about uncontrolled blazes, smoke-filled skies and road closures.

After a scorching start to July, nearly 600 wildfires are now ablaze across British Columbia and Alberta, including a huge fire that this week devastated the picturesque tourist town of Jasper in the Canadian Rockies.

Dozens of communities, including popular holiday spots in British Columbia's Kootenay region, are under evacuation orders and several highways are closed.

This year's surge in wildfire activity comes after Canada endured its worst-ever year for wildfires in 2023, when more than 15 million hectares (37 million acres) burned, including parts of the city of West Kelowna in the heart of British Columbia's wine region.

Ellen Walker-Matthews, head of the Thompson Okanagan Tourism Association, said the industry was seeing a lot more last-minute travel decisions instead of booking in advance.

"It's a huge blow. July and August are traditionally the busiest months in the region," said Walker-Matthews, adding that while her region has been relatively unscathed by wildfires this summer, some visitors are choosing to avoid interior British Columbia altogether.

The members of the British Columbia Lodging and Campgrounds Association are reporting a 5-15% drop in bookings from a year ago, with the biggest declines coming from the hotter Okanagan and Cariboo regions, said Joss Penny, who heads the association.

"The concern is that this is something we have to live with and we have it every year now," said Penny.

Although wildfires in Canada's forests are natural and common, scientists say drier, hotter conditions fueled by climate change are leading to more volatile and frequent blazes.

'SMOKEY SKIES'

Some events, like the Salmon Arm Roots and Blues Festival, usually held in August, have now been rescheduled to earlier in the summer to avoid what is now seen as peak smoke season. The festival, which was cancelled last year due to nearby wildfires, was this year moved to July to benefit from "less smokey skies."

Wildfires and extreme climatic events are prompting tourists to "change their plans not just temporarily, but permanently," said Elizabeth Halpenny, a tourism researcher and professor at the University of Alberta, noting that seasonal workers in the sector are often the hardest hit as they have few protections during a bad season or amid a cataclysmic fire.

Tourism contributed C$7.2 billion to the British Columbia economy in 2022, and C$9.9 billion to Alberta in 2023, according to the latest government data.

Jasper National Park is one of Canada's premier tourist destinations, with more than 2 million visitors a year flocking to see its pristine mountain landscapes and abundant wildlife, including grizzly bears, moose and elk.

Kelly Torrens, vice-president of product at international tour company Kensington Tours, described western Canada as a bucket-list destination. But the company now has 49 trips that were supposed to pass through Jasper this season in limbo. Six others were forced to evacuate the park when the fire hit.

Parks Canada has cancelled all camping reservations within Jasper National Park until Aug. 6 and with potentially 50% of the town's structures destroyed by fire, the cleanup and rebuild could take years.

Halpenny is among those hedging their bets.

"I've booked a campsite stay in the mountain parks but at the same time, I booked a campsite out on the prairie somewhere and that's my backup plan because I don't want to miss out on my vacation with my family."