ABU DHABI: The non-oil foreign trade sector in United Arab Emirates surged to around AED one trillion during 2011, according to recent figures released today by the Federal Customs Authority (FCA).
With a year-on-year growth rate of 23%, the UAE's non-oil trade in 2011 increased by AED 173.4 billion, up from AED 754.3 billion in 2010 to AED 927.7 billion in 2011, FCA said. FCA said the growth curve reflects a systematic monthly rate fluctuating between 20% and 23% manifesting an annual growth rate of 23% is neither "which is neither an accidental nor contingent result but the fruit of the successful policies followed by the government."Copyright Emirates News Agency (WAM) 2012.
