​The Federal Competitiveness and Statistics Centre organized an intensive national workshop on services trade statistics, in cooperation with experts from the World Trade Organization, the International Monetary Fund, the Organization for Economic Cooperation and Development and the United Nations Trade and Development Organization.

The workshop was attended by experts and specialists in national accounts and trade statistics from government agencies from all around the UAE, including the Ministry of Economy, the Ministry of Finance, the Federal Authority for Identity, Citizenship, Customs and Ports Security, as well as statisticians and economists from local statistical centers in the country.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the UAE, thanks to the vision of the wise leadership, continues to strengthen its international position in services trade, as it ranked 12th as the largest exporter of services in the world during 2022 according to the World Trade Organization, while the value of UAE services exports reached AED 567 billion, equivalent to $155 billion, according to the "Trade Profiles" report issued by the organization last October. This report provides key data on the trade of goods and commercial services for 197 countries worldwide.

His Excellency added that the new strategy for services exports recently adopted by the Cabinet will increase the contribution of this vital sector with promising potential to non-oil foreign trade and GDP of the UAE, as the UAE's service exports are growing at rates faster than the global average, helping to solidify the UAE's position as a global business hub with an increasingly advanced and high-value economy that relies on services.

Her Excellency, Hanan Ahli, Manager Director of the Federal Competitiveness and Statistics Centre, said that organizing the workshop comes as part of the joint efforts of the Centre, the World Trade Organization, ministries and government entities. These efforts aim to ensure alignment in the methodologies of collecting data related to services trade with the best practices and international standards. This is done to improve the business environment and achieve sustainable economic growth.