The Government of the United Arab Emirates and the Government of the Kingdom of Belize have signed an agreement on economic cooperation with a view to developing, enhancing and diversifying areas of mutual cooperation to serve the development aspirations and mutual benefits of the two countries. Belize, Minister of Economic Development, Oil, Investment and Trade of the Government of Belize, Hon Erwin Contreras.
The key sectors of cooperation under the agreement include trade in goods and services, investment, transport, agriculture and food products, energy and renewable energy, industry and mining, infrastructure, construction and real estate, tourism, as well as any other areas in which the two countries agree to cooperate and meet their development plans.
The agreement also stipulated the establishment of the joint economic committee between the two countries to follow up the implementation of its provisions, coordinate bilateral work, remove any obstacles to cooperation efforts in the fields at hand and push the partnership of the two countries to higher levels.
Sultan bin Saeed Al Mansouri, said: “The agreement represents an important starting point for building a fruitful and sustainable partnership between the UAE and the Kingdom of Belize in an important and vital group of sectors of mutual interest. And to meet the aspirations of the two countries in economic development ».
He pointed out that the umbrella of the sectors defined by the agreement represents a vital and diversified base for initiating cooperation efforts between the two countries according to a clear vision consistent with the economic agenda of the two countries and their quest to diversify the economy and promote trade and investment activities in priority sectors.
He pointed out that the countries of Central America and the whole of Latin America represent an increasingly important destination for the UAE, especially in the level of private sector partnerships and investments. This agreement with the Kingdom of Belize will enhance economic cooperation at the governmental level, in addition to its contribution in providing a window for UAE companies to explore what they offer. The markets of this friendly country have opportunities to expand their business and investment activities.
The agreement stipulates that the two parties shall cooperate in exchanging expertise and information, introducing regulations, laws, economic programs and business activities in each of them. In economic exhibitions, intensify visits of government delegations and businessmen, provide facilities in the fields of logistics in support of import and export activities, and encourage joint cooperation with other countries at regional and international levels.
Abu Dhabi - UAE Today