Strengthening Economic Ties

 



The United Arab Emirates UAE is looking to boost trade relationships as the newest member of the BRICS bloc A business forum was recently held in Zimbabwe bringing together companies from the UAE and Zimbabwe Both countries expressed interest in expanding investment opportunities across various sectors. 


Trade between the UAE and Zimbabwe has been growing in recent years Exports from Zimbabwe to the UAE jumped from $96 million in 2020 to $1.9 billion By fostering stronger economic cooperation, Zimbabwe hopes to improve its chances of joining BRICS as well The UAE ambassador said agreements will be mutually beneficial in developing business relations and exploring new avenues for partnership. 


Zimbabwe is eager to become part of BRICS to address its struggling economy. Citizens prefer holding US dollars instead of the local currency due to severe inflation Joining BRICS could provide more financial stability By supporting the UAE involvement Zimbabwe aims to gain the bloc  backing for its own membership bid. 


Several African nations see BRICS as an alternative as relations with the West decline They welcome opportunities for trade not centered around the US dollar If admitted Zimbabwe would follow South Africa as the second African representative in BRICS Increased exchange with current members like the UAE can bolster its application.


The UAE demonstrates its commitment to BRICS objectives through outreach programs Welcoming businesses to explore Zimbabwe signals its desire to strengthen economic integration on the continent Both sides stand to benefit from cooperation across multiple industries. 


Expanding cooperation with aspiring BRICS countries is smart for new member the UAEIt fosters goodwill while identifying promising partnerships ahead of the upcoming summit. For Zimbabwe bolstering ties with the UAE through investment and commerce supports its case for full BRICS participation.

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