The US and the UAE have reiterated their backing for the India-Middle East-Europe Economic Corridor (IMEC) during their recent Economic Policy Dialogue in Abu Dhabi. This corridor is crucial for enhancing regional connectivity, particularly by expanding port and rail capacities connecting India to Europe through the Middle East. The eleventh U.S.-UAE Economic Policy Dialogue, co-chaired by UAE Minister of State Saeed Mubarak Al Hajeri and U.S. Under Secretary of State for Economic Affairs Jacob Helberg, emphasized the significance of bilateral trade and investment.
Officials highlighted the UAE’s position as the largest U.S. trade partner in the Gulf region for almost two decades, with the US maintaining a substantial trade surplus with the UAE. Both sides emphasized the role of open markets and clear regulatory frameworks in enhancing trade and investment productivity. They also pointed out the increasing collaboration in critical minerals, advanced technology, energy, manufacturing, and life sciences.
The UAE reaffirmed its commitment to invest $1.4 trillion in the United States over the next ten years, solidifying its status as America’s primary regional economic partner. Economic ties between the two countries have been substantial, with total non-oil trade exceeding $38 billion in 2024. Preliminary data for 2025 indicated bilateral non-oil trade amounting to $19.3 billion in the first half of the year, reflecting a 3.4% year-on-year growth and supporting U.S. industries like energy, aviation, and technology.
Emphasizing the importance of economic security and reliable supply chains, U.S. Under Secretary of State Jacob Helberg highlighted mutual interests in advanced manufacturing, artificial intelligence, energy abundance, and digital infrastructure. Strengthening alignment between the economy and national security, the delegations agreed to explore cooperation in areas such as energy security, critical minerals, and water security.
