Abu Dhabi, July 19, 2022 (WAM)-Minister of Foreign Trade Tani bin Ahmed al-Zeyodi, President Sheikh Mohammed bin Zayed al-Nahyan’s visit to France is an unprecedented strategy for both countries Bringing it to the target level will have a positive impact on their partnership.
In an interview with the Emirates News Agency (WAM), Dr. Arzeyoudi’s visit by High Commissioner Sheikh Mohammed bin Zayed reveals new perspectives on economic and trade cooperation, including trade, investment, oil, gas, hydrogen and regeneration. Possible nuclear energy, climate change measures, artificial intelligence, food security, fintech, intellectual property rights, space and cyber security.
He added that bilateral trade between the United Arab Emirates and France continues to grow in the light of their economic cooperation, making it possible to take advantage of different opportunities in several business sectors. .. Dr. Al Zeyoudi emphasizes that the UAE is one of France’s major partners in the Gulf Cooperation Council (GCC) region and that the 2021 trade exchange will increase by 25.9% compared to 2020 to reach 25 billion AEDs. did.
Emirati companies investing in France have achieved exciting success stories over the past period, with the direction of leaders from both countries to promote and diversify their investments. This has also expanded the scope of investment by emirati companies in the French market, including DP World. , First Abu Dhabi Bank, Abu Dhabi Investment Authority, Etihad Airways, Emirates, Dubai Islamic Bank and Mubadala added that more than 600 French companies operate in the UAE.
Al Zeyoudi states that mutual investment between the UAE and France is concentrated in key sectors of common interest, while France’s investment in the UAE is in telecommunications, technology, energy, gas, education, manufacturing, mining, Retail, vehicle repair, education, transportation.
He further emphasized that Emirati’s investment in France targets a variety of sectors, especially the civilian and military aviation industry, as well as real estate, tourism, fish and seafood trade, tiles and ceramics. The United Arab Emirates has signed three investment agreements with France on investment protection and encouragement, avoidance of double taxation, and aviation services.
Dr. Al Zeyodi also said that economic cooperation between the two countries will be a new joint economic agreement and initiative aimed at achieving further growth, directly raising the level of trade and achieving development with the support of the leaders of both countries. He said he would sign.
Al Zeyodi concludes that all domestic action teams will operate according to the roadmap set by President Sheikh Mohammed bin Rashid’s visit to France, transforming strategic cooperation between the two countries into a sustainable partnership. rice field.