Аннотация Аммара Алансаари на обзоры торговой политики ОАЭ и РФ (ВТО)
United Arab Emirates and Russian Federation Economic Reviews (WTO)[1]
Two separate reports prepared by the WTO Secretariat to assess the Russian Federation and the United Arab Emirates Trade Policy. It is the third review about the UAE issued by the WTO Secretariat, and it is the first review for the Russian Federation. The paper begins with illustrating facts about the UAE/Russia, its political and social nature and structure.
In the second part, the paper investigates the status of the Russia/UAE’s economy by illustrating the Macroeconomic indicators, Fiscal Policy, Monetary and Exchange Policy, Balance of Payments and Foreign Direct Investment. This part also illustrates the Trade Performance of the UAE/Russia by highlighting and discussing key trade performance indicators.
The paper then focuses on the Trade and Investment Regime, namely the trade and economic foreign policy objectives embodied in the tools of the regional trade agreements, WTO commitments and agreement, and other preferential trade agreements.
The paper also highlights the UAE’s policies and measures towards various economic and trade factor. First it examines the measures directly affecting imports, such as Tariffs, Applied MFN tariff, Rule of Origin, Anti-dumping, countervailing, safeguard measures. The paper then moves towards investigating the measures that are affecting exports such as Export procedures, Export finance, insurance, guarantees, prohibitions, restrictions, and licensing. And finally the measures affecting production and trade, such as Standards and other technical requirements, Sanitary and phytosanitary requirements, State-owned enterprises and privatization, Competition policy and price controls, Intellectual property rights.
Overall, the UAE economy has proved to be resilient, especially after the global financial crisis when it still recorded an economic growth. Economic growth in the previous review was led by the Oil and Gas sector; however since 2012, economic growth has been led non-hydrocarbon sector, and recorded an average annual rate of 5.6%. In comparison to the past review, this UAE review found that the construction industry has become the most critical sector for the UAE’s economy after Oil and Gas. The construction industry accounted for 9% of UAE’s GDP in 2014, and more than 30% of total employment. Retail, wholesale trade, and tourism recorded the next highest contributor to economic growth.
[1] Trade Policy Review: Russian Federation (https://www.wto.org/english/tratop_e/tpr_e/tp445_e.htm) Trade Policy Review: United Arab Emirates (https://www.wto.org/english/tratop_e/tpr_e/tp438_e.htm)
