The UAE strengthens its financial and international partnerships and confirms its role in supporting global financial stability during bilateral meetings in Washington
Washington, April 16 / WAM / His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, on the sidelines of his participation and leadership of the UAE delegation participating in the annual meetings of the World Bank Group and the International Monetary Fund, held a series of bilateral meetings with a number of finance ministers and international officials in the American capital, Washington, which included the United States, France, Britain, Canada, Argentina, Switzerland, and Norway.
These meetings aimed to enhance the prospects for financial cooperation and discuss a number of financial and tax issues of common interest.
His Excellency Al-Husseini, with His Excellency Scott Besant, US Secretary of the Treasury, discussed the prospects for strategic cooperation between the two countries in the financial and economic fields, in the presence of His Excellency Khaled Mohammed Al-Amma, Governor of the Central Bank of the United Arab Emirates.
His Excellency praised the leadership of the United States in chairing the financial track of the Group of Twenty (G20) this year. He also expressed the UAE’s thanks and appreciation to the United States for its invitation to participate as a guest country within the group’s “financial track.”
His Excellency stressed that this invitation reflects the deep partnership and international appreciation for the country’s growing financial and economic role, noting that the meeting with the US Secretary of the Treasury represents an important opportunity to coordinate visions on current financial issues, and discuss innovative solutions that support the stability of the financial system in the region.
In a bilateral meeting between His Excellency Al-Husseini and His Excellency Roland Lescure, French Minister of Economy, Finance, Industrial and Digital Sovereignty, the depth and solidity of the financial partnership that brings together the two countries was emphasized, which is supported by a solid base of regulating agreements. The two sides also discussed ways to raise the levels of joint cooperation and exchange experiences in the financial fields.
His Excellency held a meeting with Her Excellency Rachel Reeves, British Treasury Secretary, to discuss ways to enhance joint financial cooperation, and the two sides reviewed the prospects for the strategic partnership that brings the two countries together in financial areas of mutual interest.
They stressed the importance of continuing bilateral coordination and exchanging visions on international financial issues, in a way that serves common interests and enhances the strength of the close ties between the UAE and Britain.
His Excellency met with His Excellency François-Philippe Champagne, Canadian Minister of Finance and National Revenue, where the two sides reviewed areas of joint financial cooperation, stressing the importance of integrating efforts to develop frameworks that serve mutual interests. The need to strengthen bilateral work channels to support financial sustainability and expand the scope of opportunities that contribute to achieving the continued economic prosperity of the two countries was also stressed.
His Excellency Al-Husseini also met with His Excellency Luis Caputo, Minister of Economy of the Argentine Republic, where both sides praised the positive momentum witnessed by bilateral relations, especially following the entry into force of the Investment Promotion and Protection Agreement in November 2024, which represents a basic pillar for providing a safe and sustainable investment environment.
The meeting reviewed ways to expand the horizons of financial and economic cooperation, while emphasizing the essential role of the existing double taxation avoidance agreement in establishing clear tax frameworks and protecting investment flows, which contributes to advancing joint economic growth and opening new channels of partnership between the business communities in the two countries.
His Excellency met with Her Excellency Daniela Stoffel, Minister of State for International Financial Affairs of the Swiss Confederation, where the two sides praised the strength and standing of the financial relations that bring together the two countries, which are based on mutual trust and the integration of financial systems, and stressed the continued progress in advancing the agenda of bilateral financial cooperation and enhancing regulatory coordination and institutional interconnection between the two countries.
During his meeting with His Excellency Jens Stoltenberg, Minister of Finance of the Kingdom of Norway, His Excellency discussed ways to develop the joint legal and institutional framework, which would contribute to opening new horizons of financial partnership and providing a stimulating environment for business in both countries.
The two sides affirmed their aspiration to expand the horizons of cooperation and exchange experiences in financial fields of mutual interest, thus enhancing the strength of bilateral ties between the UAE and the Kingdom of Norway.
These meetings fall within the framework of the pioneering role played by the UAE in strengthening strategic ties between various global financial and economic poles, as the country’s delegation is keen, through these intense discussions, to formulate innovative cooperation frameworks that contribute to the stability of the global financial system.
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