The UAE is the United States’ single largest export market in the Middle East, with over $22.5 billion in exports in 2012 – the Fourth straight year the UAE has held this distinction.
Every state in the United States exports to the UAE, as well as the District of Columbia, Puerto Rico, and the Virgin Islands.
Over 1000 US firms have an on-the-ground and expanding presence in the UAE.
The UAE pegs its currency, the dirham, to the dollar.
Through significant investments in the United States for over 40 years, the UAE has been a dependable and long-term contributor to US economy, providing liquidity to US capital markets, growth for US companies and job security for US workers.
In 2008, the Government of Abu Dhabi initiated a global dialogue to clarify the investment principles of government-owned funds. Through this work, 23 countries have committed to operate their funds purely on commercial principles. And, as part of this commitment, the funds would adopt critical transparency measures.
In 2012, the UAE and US launched the first Economic Policy Dialogue to facilitate new and ongoing initiatives aimed at strengthening economic, commercial and trade relationships between the two countries.
The US-UAE Business Council includes companies from both countries committed to expanding bilateral commercial opportunities.