Thanks to the efforts of diplomats such as Yousef Al Otaiba, the United Arab Emirates (UAE) Ambassador to the United States, the United States and the UAE currently cooperate on many important political and economic issues.
Through a concerted joint effort, the United States and the UAE work hard to ensure the continuing stability of the Arabian Gulf region. For more than two decades, the UAE has supported the United States in many important military endeavors, including Operation Desert Storm and U.S. expeditions into Afghanistan in the wake of 9/11. In addition to hosting more than 2,000 United States military personnel, the UAE supports the U.S. Air Force by providing vital facilities and logistics at Al Dhafra Air Base. The UAE also draws on its own military strength, regularly deploying UAE armed forces in conflicts such as the Gulf War and United Nations Operations in Kosovo and Somalia.
Given its location in the Middle East, the UAE assumes a large measure of responsibility for eradicating the threat of terrorism in the region. The UAE contributes to the fight against terrorism by enacting aggressive export control laws, participating on joint task forces on terrorist financing and nuclear proliferation, and cooperating with United States intelligence agencies. The UAE has also signed on to a number of anti-terrorism agreements, including the Proliferation Security Initiative and the U.S. Container Security Initiative. To bolster its own military capabilities, the UAE maintains several military equipment initiatives with the United States, including the Hawk Air Defense System missiles, C-17 aircraft, and UH-60 Black Hawk helicopters.
One of the most important areas of bilateral cooperation between any two nations, trade relations serves as a pillar of the collaborative efforts between the UAE and the United States. The largest U.S. export market in the Middle East, the UAE plays host to some 750 U.S. corporations and pegs its currency to the value of the dollar. Throughout the years, the UAE has made significant investments in U.S. holdings, increasing the liquidity of U.S. capital markets and providing increased job security for American workers. Furthermore, at the US-UAE Business Council, corporate representatives from both countries pledged to take advantage of bilateral business opportunities.
The UAE currently stands as the only nation in the Arabian Gulf to allow private entities to participate in the domestic oil and gas industry. In particular, U.S. oil company ExxonMobil maintains a strategic partnership with the Abu Dhabi National Oil Company (ADNOC) while Occidental Petroleum plays a significant role in the importation of natural gas to the U.S. Additionally, the UAE is the single largest buyer of commercial passenger aircraft from The Boeing Company, a major defense and aeronautics developer in the United States.