Latest news with #PhilippinesBusinessCouncil
Dubai Eye
4 days ago
- Business
- Dubai Eye
UAE, Philippines trade talks look at strengthening investment ties
The UAE and the Philippines have held trade talks following the signing of a Comprehensive Economic Partnership Agreement (CEPA) last July, with an aim at enhance trade cooperation and investment opportunities. The meeting between the UAE delegation, led by Minister of Foreign Trade, Dr. Thain bin Ahmed Al Zeyoudi, and the Philippines Business Council in the UAE, looked at ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, Al Zeyoudi highlighted the growing economic partnership between the two countries, with non-oil trade growing to over $257.7 million in the first half of 2025. In 2024, the total volume of non-oil trade reached approximately $940 million. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. "The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," Dr. Al Zeyoudi stated. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade programme. The CEPA is forecast to increase the UAE's GDP by $2.4 billion and increase exports to the Philippines to $7.62 billion by 2032.
Mid East Info
4 days ago
- Business
- Mid East Info
UAE Minister of Foreign Trade HE Al Zeyoudi Engages with Philippines Business Council to Strengthen Bilateral Trade and Investment Ties
HE Al Zeyoudi: ' The Philippines is a key trading partner for the UAE. Our discussions today aimed to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by businesses operating in both markets.' Abu Dhabi, UAE –August, 2025: His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. This meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA) last July, aimed at enhancing trade cooperation and investment opportunities. The meeting touched on ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, HE Al Zeyoudi highlighted the growing economic partnership between the UAE and the Philippines, noting that the total volume of non-oil trade reached approximately US$940 million in 2024. Growth has continued in 2025, with non-oil trade reaching US$257.7 million in Q1. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. 'The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels,' HE Dr. Al Zeyoudi stated. ' Our discussions today aim to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by Philippines businesses operating in the UAE or by their Emirati counterparts operating in the Philippine market.' The Philippines is one of the fastest-growing economies in the ASEAN bloc of countries and a key logistics and manufacturing hub. In 2024, the economy grew by 5.6%, the second-fastest growing economy in the ASEAN region, which the world's fourth-largest economic bloc, boasting a combined GDP of US$4.13 trillion. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare, and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The Comprehensive Economic Partnership Agreement, which was agreed earlier this year, is expected to mitigate trade barriers, boost investment flows, and open new avenues for trade, investment and collaboration in key sectors including agriculture, financial services, and electrical equipment. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade program. The CEPA is forecast to increase the UAE's GDP by US$2.4bn and increase exports to the Philippines to US$7.62 billion by 2032.
Filipino Times
5 days ago
- Business
- Filipino Times
UAE, Philippines discuss strengthening private sector cooperation, investment ties
The United Arab Emirates and the Philippines are boosting private sector cooperation following the bilateral agreement Comprehensive Economic Partnership Agreement (CEPA) in July, a deal designed to ease trade and increase investment across key industries. UAE Minister of Foreign Trade His Excellency Dr. Thani bin Ahmed Al Zeyoudi met with the Philippines Business Council – Dubai and Northern Emirates to discuss strengthening partnerships between companies in both countries. 'The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels,' HE Dr. Al Zeyoudi said through WAM. 'Our discussions today aim to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by Philippines businesses operating in the UAE or by their Emirati counterparts operating in the Philippine market.' Enhancing trade and investment opportunities Under CEPA, both countries aim to enhance cooperation in agriculture, manufacturing, financial services, and electrical equipment. The agreement is also expected to lift trade barriers and encourage more investment flow. The UAE remains the Philippines' top export market in the Arab and African regions and ranks 17th globally. According to reports, non-oil trade between the UAE and the Philippines reached US$940 million in 2024 and continued to grow in 2025, with US$257.7 million recorded in the first quarter alone. Economic projections indicate the UAE's GDP could grow by US$2.4 billion under CEPA, with exports to the Philippines expected to reach US$7.62 billion by 2032. In 2024, the Philippines' economy grew by 5.6%,the second-fastest pace among ASEAN's 10 member states, which has a combined GDP of US$4.13 trillion. With a large Filipino community in the UAE working in sectors such as construction, healthcare, and hospitality, officials said these workers could also contribute to the economic growth expected from the agreement.
TAG 91.1
5 days ago
- Business
- TAG 91.1
UAE, Philippines strengthen bilateral trade and investment ties
Minister of Foreign Trade Dr. Thain bin Ahmed Al Zeyoudi held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. The meeting touched on ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, Al Zeyoudi highlighted the growing economic partnership between the UAE and the Philippines, with non-oil trade growing to over $257.7 million in the first half of 2025. In 2024, the total volume of non-oil trade reached approximately $940 million. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. "The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," Dr. Al Zeyoudi stated. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare, and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA) last July, aimed at enhancing trade cooperation and investment opportunities. The Comprehensive Economic Partnership Agreement is expected to mitigate trade barriers, boost investment flows, and open new avenues for trade, investment and collaboration in key sectors including agriculture, financial services, and electrical equipment. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade program. The CEPA is forecast to increase the UAE's GDP by US$2.4bn and increase exports to the Philippines to US$7.62 billion by 2032.
Zawya
5 days ago
- Business
- Zawya
UAE Minister of Foreign Trade HE Al Zeyoudi engages with Philippines Business Council
HE Al Zeyoudi: 'The Philippines is a key trading partner for the UAE. Our discussions today aimed to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by businesses operating in both markets.' Abu Dhabi, UAE: His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, held a meeting with the Philippines Business Council in the UAE to explore expanding private sector relations between the two nations. This meeting follows the agreement of a bilateral Comprehensive Economic Partnership Agreement (CEPA) last July, aimed at enhancing trade cooperation and investment opportunities. The meeting touched on ways to build and expand partnerships between the business communities and the private sector on both sides. During the meeting, HE Al Zeyoudi highlighted the growing economic partnership between the UAE and the Philippines, noting that the total volume of non-oil trade reached approximately US$940 million in 2024. Growth has continued in 2025, with non-oil trade reaching US$257.7 million in Q1. The UAE is the Philippines' top export market among Arab and African countries as well as its 17th largest globally, demonstrating the strong foundation on which both nations can further expand collaboration. "The Philippines is a key trading partner for the UAE in the growing ASEAN region, and we are committed to fostering stronger ties at all levels," HE Dr. Al Zeyoudi stated. ' Our discussions today aim to explore private sector opportunities, identify areas for greater collaboration, and address any challenges faced by Philippines businesses operating in the UAE or by their Emirati counterparts operating in the Philippine market." The Philippines is one of the fastest-growing economies in the ASEAN bloc of countries and a key logistics and manufacturing hub. In 2024, the economy grew by 5.6%, the second-fastest growing economy in the ASEAN region, which the world's fourth-largest economic bloc, boasting a combined GDP of US$4.13 trillion. With a significant Filipino diaspora residing in the UAE, working primarily in sectors such as construction, healthcare, and hospitality, the meeting also aimed to explore how these communities can further contribute to mutual prosperity from the growing economic ties. The Comprehensive Economic Partnership Agreement, which was agreed earlier this year, is expected to mitigate trade barriers, boost investment flows, and open new avenues for trade, investment and collaboration in key sectors including agriculture, financial services, and electrical equipment. The UAE-Philippines CEPA represents a significant addition to the UAE's global trade program. The CEPA is forecast to increase the UAE's GDP by US$2.4bn and increase exports to the Philippines to US$7.62 billion by 2032.
