UAE & US sign MoU to lower trade barriers by aligning on standards

By Shilpa Annie Joseph, Official Reporter
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UAE’s Ministry of Industry and Advanced Technology (MoIAT) has signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth.

The MoU is in line with the ministry’s efforts to collaborate with global partners in the field of standardization as part of its work to align with international standards and best practices.

According to the statement, the MoU between MoIAT and ANSI will facilitate cooperation in the areas of standardization and foster mutual exchange of information between the two bodies.

Furthermore, MoIAT and ANSI will work with standards organizations in their respective countries to establish bilateral relationships that will promote joint ventures and the mutual exchange of information to stimulate industry-to-industry cooperation as a building block to international standardization, which would enhance free trade.

Omar Suwaina Al Suwaidi
Omar Suwaina Al Suwaidi

“ANSI is a valued partner and globally renowned standards organization that shares our commitment to collaboration. Our MoU will help the UAE and US to capitalize on the strong ties between our two nations. Bilateral trade between the UAE and US stood at more than $23 billion in 2021. We can further build on this positive growth by lowering trade barriers. MoIAT’s MoU with ANSI reflects a global trend where standards are increasingly harmonized. This alignment connects global markets, helping to stimulate economic growth around the world. This global alignment also increases the competitiveness of locally manufactured products, helping the UAE to enhance industrial exports. As a ministry, we are keen on exploring partnerships and collaborations with organizations from around the world and we actively encourage entities to engage with us.”

The MoU aims to ensure that national standards and their application facilitate international trade and support consumer confidence. Both parties will work together to facilitate dialogue among UAE and US experts in various areas of standardization and conformity assessment.

“ANSI is honored to commemorate our strong partnership with the UAE and MoIAT, and continue our cooperation in international standards. As we know, standards form the foundation of the global economy, and with this MoU ANSI and MoIAT look forward to supporting the fast-growing bilateral trade between our countries,” commented Mr. S. Joe Bhatia, President and Chief Executive Officer of ANSI.

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