The UAE has launched anti-dumping measures to protect local industries from a surge of Chinese goods redirected from US and European markets. Minister of Foreign Trade Dr. Thani Al Zeyoudi emphasized the country’s commitment to maintaining an open economy while safeguarding domestic sectors.
In a significant move to protect its domestic markets, the UAE has implemented anti-dumping measures against Chinese goods over the past week. The initiative comes as a strategic response to the redirection of Chinese commodities following trade barriers in the United States and European Union markets.
Dr. Thani Al Zeyoudi, UAE Minister of Foreign Trade, speaking at the World Economic Forum’s Annual Meetings, outlined the country’s approach. “For us, the UAE, we’re going to continue being open, but we started the measures on the seals in the last one week, especially since we’re seeing huge dumping coming from China to our local markets,” he stated.
The minister explained that as Chinese products face increasing barriers in US and EU markets, they are being redirected to other countries, creating significant dumping pressures that threaten local industries. “We must protect our industries,” Al Zeyoudi emphasized, “otherwise we’re going to compensate something against the other.”
This development is part of the UAE’s broader trade diversification strategy, which has already yielded remarkable results. The country has concluded 32 Strategic Investment Partnership Agreements (SIPA) in less than four years, positioning itself to navigate the complex global trade landscape.
The UAE is carefully managing re-export issues to ensure it does not become a conduit for tariff evasion that would harm domestic traders and manufacturers. The country’s approach demonstrates a balanced strategy of maintaining an open economic environment while protecting strategic domestic sectors.
As global trade dynamics continue to evolve, the UAE’s proactive measures highlight its commitment to economic resilience and strategic economic planning.
