Ministry of Economy to Strengthen Economic & Trade Relations with Chad

H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economy, recently obtained H.E. Mohamed Hamed Kawa, Minister of Business and Industry of the Republic of Chad, and his going along with delegation at the head office of the General Civil Air travel Authority (GCAA) in Dubai.

Both sides went over the conditioning of economic connections between their nations, the value of teamwork in the area of civil aviation, the potential to enhance trade, and the exploration of investment chances in priority sectors. They likewise touched on strategies for presenting the UAE's business community to major economic and investment opportunities in the Republic of Chad.

The conference was participated in by H.E. Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, the Ministry of Economy's Undersecretary of Economic Affairs; H.E. Saif Mohammed Al Suwaidi, Director General of the GCAA; H.E. Juma Mohammed Al Kait, the Ministry of Economic situation's Assistant Undersecretary for Foreign Trade Affairs; and Amer Al-Menhali, Charg d'Affaires of the UAE Embassy in Chad.

H.E. Eng. Al Mansoori voiced the UAE's commitment to reinforcing its economic, trade and investment relations with the Republic of Chad, keeping in mind the great potential for effective participation in these locations. He emphasized the importance of meetings and magnified dialogue in determining structures for future cooperation; exploring possibilities; and introducing the UAE's business community to the economy, legislative and regulatory frameworks, and the investment elements of the Republic of Chad's key sectors.

H.E. Eng. Al Mansoori reported that trade with Chad has expanded considerably over the previous couple of years, rising from USD 177 million in 2015 to USD 245 million in 2014.

The Minister said that civil aviation is an important location of participation which supplies a structure for promoting numerous other commercial and investment activities. He kept in mind that Chad's strategic geographical place makes it a significant passage for worldwide aeronautics, therefore the opportunity of organizing straight trips in between the two nations should be considered.

H.E. added that the UAE also looks forward to exploring cooperative leads in several various other fields supported by Chad's economy, most notably investments in facilities, agriculture and livestock.

For his part, H.E. Kawa expressed his nation's interest in creating more powerful financial ties with the UAE and benefiting from the latter's proven economic model which has actually allowed sustainable progression. Hereof, H.E. Minister Al Mansoori emphasized the UAE's eagerness to accept Chad in moving knowledge and trading experiences.

Chad's Minister of Commerce and Industry additionally highlighted the value of recurring preparations for a financial forum on trade and financial investment chances in the Republic of Chad to be held in Abu Dhabi in September. He said that the event will be a vital opportunity for examining Chad's economic environment and its vibrant and promising fields. He added that it will certainly open the door for UAE investors to get more information about Chad's existing economic system, the nation's efforts to more establish its economic situation, and the common benefits of such tasks to the friendly nations.