Yemen, EU in talks over investment climate improvement

SANA'A, May 11 ( Saba) -
Chairman of the Board of Directors of the Commerce and Industry Chamber in the
Secretariat
Capital Hassan al-Kabous has met with European Union expert Bruce Hood and expert
of local development and external relations Jamal al-Awadhi. The meeting focused on
a
number of topics related to improving the business environment and legislative and
judicial obstacles facing it. Al-Kabous stressed the importance of engaging the
private
sector in establishing investment legislation and coordination between the public
and private sectors and the European Union to streamline laws that facilitie
investing in
the country. He, moreover, reviewed the vision with which the private sector seeks
to increase investments as well as establishing a real partnership with European
companies
to improve investment climate in Yemen. For his part, Hood underlined the
significant role the private sector plays to improve the investment climate in
Yemen, stressing
the importance of engaging it in legislative and economic systems. MB/FR