UAE-Italian economic and trade relations

Sultan bin Saeed Al Mansouri, Minister of Economy has hailed the level of economic and trade cooperation between UAE and Italy. In a statement to "WAM" and Agenzia Giornalistica Italia (AGI), the Italy news agency, the minister declared UAE as an important trade partner of Italy and said that relations between the two countries are distinguished in nature and progressive. He said that bilateral trade value between the two countries in 2011 stood over US $ 5 billion and we are hopeful that the final figures will surge this year. Referring to the growth in the trade exchange that climbed up to more than 20 % during the first quarter of this year he indicated that the trend will continue during the year and trade relations will grow in general. Meanwhile addressing businessmen and industrialists participating in the UAE-Italian Economic Forum'' at Marche Province, Italy the minister called the Italian businessmen and economists to deal positively with the current economic crises who has threaten world in particular the Eurozone.