Friday, 13 May 2011

UAE + Poland = boosting commercial cooperation?

Sheikha Lubna bint Khaled Al Qasimi, Minister of Foreign Trade, has discussed prospects of further developing commercial and investment ties with Poland, Namibia, Scotland, China and Indonesia.

During her talks with the Former Prime Minister of Poland and Vice President of the Polish Information and Foreign Investment Agency, Bozena Czaja, she discussed boosting commercial cooperation and mechanisms to stimulate bilateral investments in dynamic economic sectors.

Trade between the countries was valued at $307 million in 2010.

Shaikha Lubna stressed the opportunities that are available for both countries to engage in new investment partnerships in various sectors, pointing out the importance of strengthening communication between the UAE and Polish companies in order to increase levels of cooperation.

"The UAE economy is headed towards greater diversification and now includes new vital elements such as clean and renewable energy and technological manufacturing," she said.


"The current non-oil investment prospects in the UAE offer many opportunities for Polish companies to expand their operations in the UAE market."

According to the Ministry of Foreign Trade, the Polish official affirmed that the UAE is regarded as Poland's most important trading partner in the region.

Shaikha Lubna also held talks with Dr Hage G. Geingob, the Namibian Minister of Trade and Industry.

They discussed the prospects for increasing cooperation in holding conferences and exhibitions and encouraging businessmen to establish joint projects.

She said that UAE-Namibian trade was over $49 million in 2010.

Shaikha Lubana also met with Li Rui, the Vice-Governor of China's Ningxia Hui Autonomous Region, to discuss UAE's commercial ties with China. She emphasised the importance of expanding bilateral ties especially in trade.

China is UAE's second most important partner with bilateral non-oil trade reaching $14.2 billion last year.

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