Sharjah Chamber informs investors about the advantages of economic partnership agreements
Sharjah, December 12 / WAM / The Sharjah Chamber of Commerce and Industry, in cooperation with the Ministry of Economy, organized an introductory workshop on the Comprehensive Economic Partnership Agreements Programme, targeting a number of investors, businessmen and representatives of the private sector, with the aim of highlighting the importance of these agreements and the broad opportunities they provide for the business community.
The workshop, which was held at the headquarters of the Sharjah Chamber and was attended by Abdul Aziz Al Shamsi, Assistant Director General for the Communication and Business Sector at the Sharjah Chamber, highlighted the opportunities provided by partnership agreements and the possibilities they provide for the Emirati private sector to build investment relationships with business communities and enter into promising economic projects in various countries of the world. Which has become a strategic partnership with the Emirates to support the goals of the We Are the Emirates 2031 vision.
Abdulaziz Al Shamsi stressed that the Sharjah Chamber recognizes the importance of enhancing knowledge among businessmen and investors about agreements and the mechanisms for them to benefit from them. Hence, this workshop was organized with the aim of supporting innovation and enhancing the competitiveness of the business community and the local private sector at the international level, explaining that the Sharjah Chamber contributes in turn by organizing forums. And workshops, economic forums and trade missions to enhance cooperation and hold joint work meetings between the business community, the local private sector and their counterparts in various countries of the world, in addition to providing the necessary resources and services for them to benefit from the economic opportunities provided by the agreements. The partnership also has a notable role in providing an attractive business environment for foreign investments, which enhances the UAE’s position as a distinguished economic destination in the world and highlights its efforts to reach global markets, reduce or eliminate customs duties, facilitate customs procedures, and provide clear and transparent rules that contribute to enhancing competition on the basis of fair trade. .
He pointed out that the comprehensive economic partnership agreements program is considered one of the most important strategic directions of the UAE in the process of sustainable economic development, through which it aims to strengthen its international partnerships with strategic markets around the world and consolidate its leading position as a global economic center, noting that the program of agreements witnessed the conclusion of the first An agreement between the UAE and India, which was signed on February 18, 2022, bringing the total agreements since the launch of the program to 10 with countries of strategic commercial and investment importance on four continents, which represents a major expansion. In the country’s foreign trade network through partnerships that represent a tool for strengthening economic, social and cultural relations between the Emirates and the world.
The workshop included a clarification presentation by Noura Khaled, an economic analyst in the Department of Trade Negotiations and International Organizations at the Ministry of Economy, during which she reviewed the most prominent comprehensive economic partnership agreements and highlighted the most important advantages they provide to exporters and the private sector in general and their importance as a primary driver for the growth of the UAE’s non-oil foreign trade and enhancing cooperation with strategic partners. And creating promising opportunities for mutual investments, including opportunities available to investors.
The workshop also witnessed a “round table” for participants in the presence of Walid Al-Khamiri, Head of the Origins Department at the Ministry of Economy, Mohammed Al-Bariki, Head of the Industrial Transformation Department at the Ministry of Industry and Advanced Technology, and Fakhri Al-Hazaima, Advisor at the Ministry of Economy, during which the mechanisms for accessing markets for services and goods and the rules of origin were clarified.
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