UAE and Argentina explore new opportunities for trade and investment
Abu Dhabi, February 5/ WAM/ The Ministry of Economy, in cooperation with the Abu Dhabi Chamber of Commerce and Industry, organized an expanded meeting in Abu Dhabi, gathering a group of senior government officials and business leaders from both countries to explore new opportunities for trade and investment.
The meeting was attended by His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, His Excellency Ahmed Jassim Al -Zaabi, Head of the Department of Economic Development – Abu Dhabi, President of the UAE Chambers, and His Excellency Khairdo Varthain, Minister of Foreign Affairs, International Trade and Worship in Argentina and his accompanying delegation.
The meeting took place as part of the official visit by the Argentine delegation to the state, and discussions focused on the investment framework launched recently by Argentina, known as the “Rigi” incentives system, and the benefits provided to international investors, which the Argentine delegation reviewed its most important provisions.
During the meeting, His Excellency Dr. Thani bin Ahmed Al -Zyoudi stressed the commitment of the UAE to enhance economic relations with Argentina and open new opportunities for investment.
He said: Argentina is an important economic partner for the UAE, and we see great opportunities to enhance trade and investment flows in the priority sectors, noting that the introduction of the incentive system for large investments reflects Argentina’s ambition to create a global investment environment, and we believe that Emirati companies in a good position can benefit from The new frame.
He noted the organizational and legislative environment in support of business in the UAE, and the qualitative features that the country provides thanks to its association with the world, its advanced infrastructure and strategic location, indicating that the UAE provides Argentine companies an ideal platform for internationally expanding.
His Excellency Al -Zyoudi highlighted the growing international trade relations of the UAE through comprehensive economic partnership agreements, making it an attractive gateway for companies in South America that seeks to enter high -growth markets in the Middle East, Asia and Africa.
For his part, His Excellency Khairrdo Varthene stressed the importance of enhancing economic and trade cooperation with the UAE, noting that the launch of the incentive system for large investments “Rigi” represents a qualitative step towards creating a more competitive and attractive investment environment for international investors in Argentina.
He said: We are committed to enhancing our strategic partnership with the UAE, which is a global commercial and investment center, noting that the “Rigi” system represents an important opportunity to attract Emirati investments to priority sectors in Argentina, especially mining, energy, infrastructure and advanced technology.
His Excellency added: We look forward to building fruitful and sustainable partnerships that contribute to achieving joint growth and enhance economic ties between our two countries.
At the end of the meeting, the two sides affirmed their commitment to continue to enhance economic cooperation and explore joint investment projects, commercial partnerships and new areas of cooperation in the coming years, based on the growth of non -oil trade between the two countries, which amounted to 537.1 million dollars in 2024, an increase of 68% over 2019.
The main Argentine exports to the Emirates include corn, iron pipes and soybeans, which reflects the strength of Argentina in agricultural and industrial goods, while the UAE exports high -value machines and tools, which supports the growing manufacturing and technology sectors in Argentina.
It is noteworthy that in 2018, the two countries took an important step towards deepening investment relations by signing an agreement to encourage and protect investment, in an effort to enhance joint commitment to creating a transparent and safe investment environment for companies in both countries.
The UAE also continues to explore more ways to cooperate with South American countries, including Argentina, through direct talks with “Mercosur”, the economic bloc in South America, to enhance market access and trade flows to and from the region.
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