BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Madagascar Strengthens UAE Trade Ties to Counter US Tariff Risks
Madagascar Strengthens UAE Trade Ties to Counter US Tariff Risks
13
3
Madagascar is actively courting UAE investment as part of a strategic pivot to mitigate exposure to potential US tariff risks. The recent Madagascar Business Forum in Dubai, attended by over 60 Malagasy entrepreneurs and Emirati counterparts, underscored this shift. Foreign Minister Rafaravavitafika Rasata highlighted the forum’s role in laying robust economic foundations.
Emirates Airline’s expansion from four to six weekly flights signals growing confidence in Madagascar’s economic prospects. The nine-year partnership between the two nations spans infrastructure, humanitarian aid, and digital innovation sectors. World Bank data projects Madagascar’s economy to grow 4.2% in 2024, with estimates reaching 4.7% in subsequent years.
By:
Previous
RedotPay and Circle’s USDC Streamline Crypto Payments for Brazil’s Cross-Border Market
Next
MAS Sets Hard June 30 Deadline for Unlicensed Crypto Firms Serving Overseas Clients
