Economic Cooperation between the UAE and Switzerland
The UAE and Switzerland have developed strong bonds over the years, strengthening their economic and diplomatic ties and promoting fruitful partnerships across diverse sectors, including trade, finance, technology, healthcare and tourism. As the two nations marked the 50th anniversary of their diplomatic relations in 2024, their collaboration continues to thrive, paving the way for even greater partnerships in innovation, commerce, environmental sustainability and technological advancements.
The year 2023 was a remarkable milestone for the UAE-Switzerland non-oil bilateral trade exchange, as it witnessed a significant 41.2% surge compared to the previous year, propelling the total trade value to 22.3 billion US Dollars. This impressive growth demonstrates the strength and resilience of the trade ties between the two countries. It also reflects their collaborative efforts and shared commitment to fostering sustainable mutual economic bonds and economic prosperity, as well as the great opportunities that lie ahead for expanding trade and business partnerships between both nations, especially in the fields of advanced technology, clean energy, alternative fuels, MedTech and biotech.
As Switzerland’s primary trade partner in the Middle East, the UAE acts as a vital gateway for Swiss goods, facilitating access to vast markets in the region and across the world. With its strategic location, advanced infrastructure and world-class logistics facilities, the UAE offers Swiss businesses a seamless and efficient platform to distribute their goods, connecting them to lucrative markets in Asia and Africa and strengthening their opportunities to expand their reach and increase their export potential.
Switzerland stands out as a key trade and investment partner for the UAE, ranking as top European destination for UAE’s non-oil trade exports. In 2023, the value of these exports reached an impressive 9.55 billion US dollar, making Switzerland the fourth-largest global market for UAE non-oil trade exports.
