Record trade numbers between the US and the UAE totalled $26.9 billion in 2013, with commercial aviation partnerships playing a central role in that success, according to the US-UAE Business Council.
Transportation equipment, including Boeing aircraft and GE engines, was the largest subset of US exports to the UAE in 2013 at $9.4 billion — making up 38 per cent of the total US exports to the Emirates last year.
Danny Sebright, president of the US-UAE Business Council, said: “Commercial aviation is a key pillar of the US-UAE relationship. This has been recently highlighted by increasing number of investments and partnership, including Etihad Airways and Emirates Airline placing the largest orders for Boeing aircraft and GE engines ever in 2013 and advancing with plans for further expansion to US gateways.”
On the training and research side, the council pointed out the importance of Boeing’s new partnership with Etihad Airways, Honeywell UOP, and Masdar Institute of Science and Technology. The council believes that the launch of the Sustainable Bioenergy Research Consortium (SBRC) will provide an excellent forum for American, Emirati, global engineers to research the comprehensive viability of biofuel technology.
In April, the US-UAE Business Council, in partnership with the Aerospace Industries Association, will co-lead a delegation of senior executives representing civil and defense aerospace firms to the Global Aerospace Summit 2014. The delegation is poised to increase the presence of American SMEs and supply chain companies at the Summit. The council will also host a networking reception and facilitate a “How To Do Business in the UAE” briefing for American companies attending the Summit and in the Emirates for the first time.
The US-UAE Business Council facilitates closer coordination between industry and government and provides a platform for public and private sector aerospace and defence thought leaders to exchange ideas. The council also acts as a clearinghouse for industry to voice concerns or interests key to the advancement of US-UAE commercial aerospace and defense trade
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