Undersecretary of the Ministry of Economy holds discussion with US Assistant Secretary of Commerce

Government

Undersecretary of the Ministry of Economy holds discussion with US Assistant Secretary of Commerce

H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Affairs, held a meeting currently with Ian Steff, Assistant Secretary for Global Markets and Director General of the United States and Foreign Commercial Service and his accompanying delegation at the Ministrys headquarters in Abu Dhabi.

The meeting mentioned ways to extend trade exchange and enhance cooperation in important sectors, inclusive of technology, innovation, digital transformation and a innovative knowledge-based economy.

Al Saleh underlined the economic, investment and business relations between the UAE and the USA as mirrored by the non-stop growth of trade exchange figures and investment flows in both directions, which serve mutual interests and gain both countries.

Al Saleh similarly pointed out the significance of bettering cooperation in the discipline of investment in light of key investment opportunities that are rising in both countries, noting in this regard that the UAEs investments in the US are the biggest among the Arab countries. He also emphasized the significance of intensifying the exchange of visits by both countries businessmen and investors to talk about and exchange views on investments available in the US and UAE markets.

During the meeting, Al Saleh in addition elaborated on the perfect investment surroundings that the UAE offers to investors, in addition to highlighting promising investment opportunities in the countrys market. The two sides additionally discussed joint cooperation in strengthening intellectual property protection; combating commercial fraud and mentioned charges imposed by the United States on aluminum and iron imports. The arrangements for the participation of the UAE trade delegation headed by H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, at Select USA Investment Summit 2020 conference in the American capital in June 2020, and their visit to a number of American states was additionally mentioned at the time of the meeting.

Ian Steff hailed the developing economic, trade and investment relations between the UAE and the USA and is a candidate for further growth in light of the mutual desire and the existence of more possibilities for cooperation in various sectors and fields.

The US official praised the countrys business environment and its fascinating investment climate, encouraging the American business community to enlarge its activities in the region.