Connect with us

Hi, what are you looking for?

Trade

UAE, Tunisia discuss joint cooperation, trade relations

UAE Tunisia

Abu Dhabi, (Business News Report) – UAE Minister of Economy Abdullah bin Touq Al Marri has met with his counterpart of Tunisia Samir Saeed, and they discussed joint cooperation and trade relations between the two countries.

The two ministers discussed commercial relations and mechanisms for enhancing them, during their meeting in the Emirate of Dubai.

According to the Emirates News Agency (WAM), Al-Marri said, “The trade and economic relations between the two countries are close, and are based on mutual respect and continuous cooperation.”

Trade relations

Al-Marri indicated that the leaderships of the two countries support the advancement of these relations.

He added: “Intra-trade between the two countries has achieved tangible growth over the past years. Trade exchange increased by 7.4% during 2020 on an annual basis. It reached 1.2 billion dirhams ($330 million).”

The first 10 months of 2021 also recorded a growth of 9% compared to the same period in 2020.

Al-Marri said that the economic program between the UAE and Tunisia is based on cooperation plans in sectors of common interest. These include tourism, industry, food security, logistics and advanced technology.

He explained that the next stage holds more opportunities to establish more diverse partnerships that achieve common interests and serve the development visions of the two countries, especially in sectors related to the future economy, such as data technology, space economy, and the fourth industrial revolution.

Development partnership

For his part, the Tunisian Minister of Economy affirmed his country’s keenness to consolidate bilateral cooperation with the UAE in all fields, especially at the economic and commercial levels.

The Emirati agency quoted Saeed that his country seeks to benefit from the ingredients offered by countries in developing development partnerships between government institutions and at the level of the private sector.

He added, “We are working to achieve economic integration between the two brotherly countries, and to benefit from the economic model and the pioneering development experience provided by the UAE.”

The two sides discussed ways to facilitate the entry of investors to the markets of the two countries, and the importance of informing the business community of the opportunities available in sectors of common interest in the fields of infrastructure, urban development, real estate development and other major economic sectors.

The two sides agreed on the importance of forming a technical work team from the two ministries to set priorities and plans that serve the aspirations of both sides in accelerating joint cooperation efforts and generating opportunities for joint projects between the business communities of the two countries.

Business

The UAE aspires to reach 100 gigawatts of renewable energy capacity, and then double it to 200 gigawatts, Minister of Industry, Sultan Al Jaber,...

Tourism

Tunisian tourism suffers in light of Algeria’s border closure, since Algerian tourists are important in attracting hard currency to Tunisia. Tunisian tourism has always...

News

The Atlantic Council announced Friday the rescheduling of the 2022 Atlantic Council Global Energy Forum to March 28-29, 2022. The forum, which will be...

Business

The Emirate of Dubai announced the budget for the current year 2022 to be 5% higher than last year’s budget 2021. The Crown Prince...