Ministry of Economy Seeks Stronger Ties with Turkey, Brazil & El Salvador on Sidelines of Global Manufacturing and Industrialisation Summit
The Ministry of Economic climate discussed its desire to increase industrial, investment and trade teamwork with Turkey, Brazil and El Salvador on the sidelines of the Global Production and Industrialisation Summit presently being held in Abu Dhabi. H.E. Abdullah bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry met with H.E. Dr. Hassan Ali Silik, Deputy Minister of Science Industry and Technology of Turkey and stressed the UAE's enthusiasm to improve bilateral participation with the Republic of Turkey. He was accompanied by H.E. Abdullah Al Shamsi, Assistant Undersecretary for Industry, and H.E. Juma Al Kait, Assistant Undersecretary for Foreign Trade Matters.
Throughout the conference, H.E. Al Saleh revealed his pleasure at the solid ties in between the UAE and Turkey which he said is based upon good understanding and numerous typical rate of interests, particularly at the financial, business and investment levels. He highlighted the importance of strengthening their collaborations in the areas of innovation and industry with the fostering of sophisticated technologies which add to the achievement of their nations' respective goals.
He further kept in mind how trade numbers reflect the durable financial ties between both nations, stating that the UAE is Turkey's top trading partner in the region, and that Turkey is the sixth largest importer of the UAE. He added that their bilateral non-oil trade stood at USD 9.1 billion by the end of 2016, with common financial investments focused on the vital sectors of tourism and hospitality, food, energy, telecoms and information technology.
H.E. Al Saleh additionally met H.E. Merlin Alijandrana Barrera, Vice Minister of Trade and Industry of El Salvador, to discuss opportunities for boosting economic, trade and financial investment relations. Both discussed feasible collaborations in tourist and power in between the UAE and El Salvador.
The Undersecretary met also with H.E. Igor Kalvit, Undersecretary of the Ministry of Industry and Foreign Trade of Brazil, together with H.E. Al Shamsi. He shared that non-oil trade in between the UAE and Brazil surpassed USD 2.5 billion in 2016 in light of the expanding variety of Brazilian firms running in the nation. He kept in mind the presence of around 210 Brazilian brands in the UAE and the accessibility of several promising investment chances for their countries.
Ultimately, H.E. Al Saleh and H.E. Al Kait had a session with Ziyong Meng, Chairman of the Executive Board of the Chinese Federation of Industrial Economies, to open up opportunities for enhancing participation in the commercial field. The events talked about just how China's experiences and sophisticated modern technologies could assist progress the UAE's growth and additional enhance its industrial sector.
