UAE Ministry of Economy Seeks Ways to Boost Economic & Trade Cooperation with Moldova

H.E. Abdullah Al Saleh, the UAE Ministry of Economys Undersecretary for Foreign Trade Affairs, and H.E. Iurie Usurelu, Minister of State for Agriculture, Regional Development and Environment of the Republic of Moldova, discussed areas of joint participation, ways to establish them, and ways to benefit from the diverse chances and opportunities of the nations throughout a meeting held at the Ministry's head office in Abu Dhabi.

Among the guests were H.E. Juma Mohammed Al Kait, the Ministry's Assistant Undersecretary for Foreign Trade Matters, and a variety of officials from both sides. The group followed-up on the outcomes of the visit of a UAE delegation to Moldova last February, which worked as a crucial action in highlighting one of the most crucial areas of participation and ways to establish them for the rate of interests of both events. The Moldovan Minister evaluated present financial investment opportunities in agricultural crops, livestock and food due to development jobs being implemented in Moldova. Both sides additionally went over means to improve mutual investments in this regard.

The meeting likewise talked about the importance of continuing discussion on advancing teamwork in air transportation and the opening of straight flights in between the two countries as a result of its direct impact in supporting participating efforts in the fields of trade, investment, and tourism between both nations.

H.E. Al Saleh said that relations in between Moldova and the UAE have a strong potential for development, and that the facility of advancement collaborations in many vital areas could make use of readily available natural resources and investment capacities.

He included that magnifying the exchange of sees and trade delegations in between both countries will certainly assist increase the economic sector's recognition on existing key investment chances and facilities provided to business owners by both countries' markets, explaining that farming products and food markets are a concern on the map of joint cooperation.

To note, the volume of non-oil trade in between both nations surpassed USD 8.2 million in 2016.

For his part, H.E. emphasized his nation's keenness to establish participating structures with the UAE and to enhance the existence of UAE investments in the Moldovan market, specifically in agriculture, food and livestock taking into account Moldova's promising potentials in these sectors.