UAE and Germany discuss trade ties

28/02/2015 05:16 AST

Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry Affairs, has discussed with Tarek Al Wazir, the German Minister for Economics, Energy, Transport and Regional Development of the state of Hessen, ways to develop economic, investment, trade and industrial relations between the UAE and Germany, especially the state of Hessen.

The meeting was attended by Juma Al Kait, Assistant Under-Secretary of the Ministry for Foreign Trade, other senior officials and businessmen from both sides. They discussed the enhancement of co-operation in a number of vital sectors such as technology, renewable energy, industry and SMEs that could further boost the development process in the UAE, as the country is transforming to the knowledge economy.

Al Saleh said the UAE is the main trade partner for Germany in the region, citing that the trade exchange between the two countries stood at about $13 billion in 2013. He called on businessmen from both countries to benefit from attractive investment opportunities in all vital sectors.

The German minister commended the UAE government’s efforts for the implementation of the economic diversification policy and future plans for building the knowledge driven economy.


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