Decent Work and Inclusive Economic Growth
Goal 8
Decent Work and Inclusive Economic Growth
Goal 8 focuses on promoting comprehensive economic development as well as boosting productivity levels and creating employment and entrepreneurship opportunities. Within the Ministry of Economy’s framework, a flourishing international trade is considered a driver of comprehensive economic growth, and constitutes an important means for fulfilling Goal 8. Economic growth, catalysed by the high level of national income, influences the progress and expansion of international trade. At the same time, fluctuations in the condition of international trade have a direct impact on the country’s national income.
In line with this, the Ministry of Economy’s major objectives to achieve Goal 8 are to increase the UAE’s competitiveness in foreign trade markets and to enhance the country’s economic and investment relations with other nations to maximise its economic commercial potential.
The Role of the Ministry of Economy in Achieving Goal 8
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01
Strengthens ways of cooperation in the field of foreign economic and investment relations to reinforce its position globally, enhance its participation in the international economic system, improve trade exchange among countries, and increase foreign direct investment, thus consolidating its role as a leader in global trade and providing decent job opportunities for all.
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02
Explores and promotes new markets for UAE exports, enhances the country's competitiveness in foreign trade markets and raises awareness of exporters on the effectiveness of export operations in coordination with the authorities concerned.
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03
Supervises the plans and programmes of trade exhibitions in the UAE and overseas, and participates in these events with the aim of promoting domestic products and enhancing exports.
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04
Strives to foster an attractive investment environment and to extend full support to investors. The Ministry of Economy has been organising the Annual Investment Forum since 2011. Considered one of the leading global platforms for foreign direct investment, it aims to facilitate strategic communication, promote investments, discuss global investment trends, benefit from opportunities and address challenges.
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05
Develops action plans, programmes and legislations to enhance foreign trade and oversees its effective implementation.
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06
Enhances the competitiveness of national industries, as well as SMEs, which greatly contributes to boosting employment opportunities.
