ID :
119306
Thu, 04/29/2010 - 15:29
Auther :
Shortlink :
https://oananews.org//node/119306
The shortlink copeid
UAE to strengthen bilateral trade with New Zealand; hosts third Joint Economic Committee
Abu Dhabi, April 29 2010 (WAM)- The UAE Minister of Economy His Excellency Sultan Al Mansoori, yesterday, inaugurated the third UAE - New Zealand Joint Economic Committee Meeting, in the presence of His Excellency Home Tim Groser, New Zealander Minister of Trade, who is leading the largest ever delegation of senior officials and entrepreneurs to the Middle East.
Al Mansouri asserted the importance of the committee in strengthening bilateral trade relations between the UAE and New Zealand. "This meeting is a milestone in expanding relations between the UAE and New Zealand and will lead us towards stronger bilateral engagement, especially in the areas of trade and investment. The UAE is one of the most important trading partners of New Zealand in the Middle East with investments in energy, tourism, logistics, education, professional services and agriculture. Last year, we were ranked 19 among the trading partners of New Zealand worldwide."
Al Mansoori said the Government of the UAE reaffirms the importance of the successful and speedy conclusion of the GCC-New Zealand Free Trade Agreement. "The Agreement will help remove the remaining barriers for free flow of trade and lead to a new era of economic co-operation between the two sides. Both the UAE and New Zealand have a vibrant private sector which has remained a vital partner in the growth and diversification of our economies. It is also essential that private sector enterprises in both countries take advantage of the unique and attractive mutual investment opportunities that exist in the UAE and New Zealand," he added.
Al Mansouri highlighted the several legislative changes to further strengthen UAE'S global competitiveness and attract foreign direct investment. "The Ministry of Economy is currently working on more than 14 different legislations including the Companies law, foreign investment law, Industrial law, Small and Medium Size business law, competition's law, IPR and consumer protection laws."
His Excellency Home Tim Groser said: "The UAE is a model in development having invested its oil revenues in human resources development and the creation of an advanced and integrated infrastructure, thus building a robust economic environment for huge global projects. The UAE will serve as a gateway for New Zealand businesses to further expand in the Middle East and many investors are keen to leverage the growth opportunities offered."
Al Mansouri asserted the importance of the committee in strengthening bilateral trade relations between the UAE and New Zealand. "This meeting is a milestone in expanding relations between the UAE and New Zealand and will lead us towards stronger bilateral engagement, especially in the areas of trade and investment. The UAE is one of the most important trading partners of New Zealand in the Middle East with investments in energy, tourism, logistics, education, professional services and agriculture. Last year, we were ranked 19 among the trading partners of New Zealand worldwide."
Al Mansoori said the Government of the UAE reaffirms the importance of the successful and speedy conclusion of the GCC-New Zealand Free Trade Agreement. "The Agreement will help remove the remaining barriers for free flow of trade and lead to a new era of economic co-operation between the two sides. Both the UAE and New Zealand have a vibrant private sector which has remained a vital partner in the growth and diversification of our economies. It is also essential that private sector enterprises in both countries take advantage of the unique and attractive mutual investment opportunities that exist in the UAE and New Zealand," he added.
Al Mansouri highlighted the several legislative changes to further strengthen UAE'S global competitiveness and attract foreign direct investment. "The Ministry of Economy is currently working on more than 14 different legislations including the Companies law, foreign investment law, Industrial law, Small and Medium Size business law, competition's law, IPR and consumer protection laws."
His Excellency Home Tim Groser said: "The UAE is a model in development having invested its oil revenues in human resources development and the creation of an advanced and integrated infrastructure, thus building a robust economic environment for huge global projects. The UAE will serve as a gateway for New Zealand businesses to further expand in the Middle East and many investors are keen to leverage the growth opportunities offered."
