Ministers and officials of the UAE government emphasized the importance of the Comprehensive Economic Partnership Agreement that the country concluded with Costa Rica, as part of the country’s plans to double its non-oil foreign trade to 4 trillion dirhams, and trade increase to 800. billion dirhams by 2031.
The UAE continues to conclude economic agreements aimed at achieving greater trade growth and promoting exports with various countries of the world. In this regard, the country signed the Agreement Com -Comprehensive Economic partnership with Costa Rica, which is considered one of the promising markets, with the aim of creating more new opportunities in many economic and commercial areas that support the economy.
Partnerships
His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, confirmed that the agreement will help strengthen cooperation between the two countries, and explained that the Ministry of Finance is committed to strengthening economic relations the UAE’s strategic global presence, with the aim of developing policies and establishing partnerships that can address current and future global economic challenges.
He said that the comprehensive economic partnership agreement with Costa Rica is a new achievement within our strategy aimed at promoting the diversification of the economy and attracting investments to vital sectors such as renewable energy and food security is an important partner for the UAE, which opens up a group of new opportunities that our companies and investors can enjoy.
Expansion of the partner network
For her part, Her Excellency Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, emphasized the importance of the agreement as it is the basis for the growth of relations and the achievement of prosperity to both peoples The agreement between the UAE and Costa Rica as well as efforts to expand the UAE’s network of trade partners worldwide is a result of the UAE’s belief in Trade space is an essential element to ensure stability and security, explaining that this confirms. the state’s effort to conclude bilateral agreements with countries that enjoy strategic locations around the world and to consolidate international relations that generate trust and growth and achieve mutual interests in the long term. His Excellency described the agreement with Costa Rica as another important step towards strengthening the UAE’s position as a global trading center and strong economic partner.
clean energy
For his part, His Excellency Suhail bin Mohammed Faraj Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, said that the Comprehensive Economic Partnership Agreement between the UAE and Costa Rica is an opportunity to support trade and investment relations in a country of ours with promising promise that is growing rapidly. and as two advanced regional countries in the field of clean energy, especially hydroelectric energy, which is the main source of energy in Costa Rica and paves the way for deepening our cooperation in the field of renewable resources innovative and green technology.
He explained that as the UAE and Costa Rica seek to achieve their ambitious environmental goals, the agreement represents an incentive for investment and cooperation, which will advance their vision as -shared for a sustainable future.
Sustainability and innovation
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, emphasized the importance of the agreement, and said that with his strong commitment to sustainability and innovation, Costa’s ambitious economic vision Rica is characterized by several complementary factors to the vision of the UAE for the European Union. He explained that the economy of Costa Rica will grow by 5.1 percent in 2023, maintaining the path set recently, which has strengthened the reputation of Costa Rica as one of the most prominent success stories of the continent’s friendly countries will increase bilateral trade exchanges, and allow the private sector and the country’s business community to fully explore investment opportunities and joint projects in sectors including renewable energy , tourism, and Logistics services and climate technology in our continued pursuit of economic growth and highlights the importance of strategic partnerships within today’s global environment.
Exchange knowledge and experiences
Amna bint Abdullah Al Dahhak, Minister of Climate Change and the Environment, said: Costa Rica’s leadership in the field of sustainable development and preservation of the environment is completely in line with the UAE’s intentions to promote the agricultural technology sector in the country and support him. food security from and combining their strengths in the field of green technology and sustainable practices, fostering innovation and contributing to achieving our common goal of a more sustainable, environmentally friendly and more safe to both friendly peoples.
Central America
His Excellency Ahmed bin Ali Al Sayegh, Minister of State, confirmed that the comprehensive economic partnership agreement with Costa Rica, the first between the UAE and a Central American country, is an important new step within a positive vision of the country to establish alliances that will create new opportunities for the business community and the private sector while enhancing the security of supply chains.
He said: Through the agreement, we strengthen our relationship with one of the best performing economies in Central America, which will allow us to benefit from Costa Rica’s position as a leading country in the field of agriculture and new -practice in advanced technology sectors such as semiconductors, The agreement also confirms the expansion of our global influence and our commitment to promote sustainable development and mutually beneficial technological progress across continents, promoting trade and investment and developing future-ready sectors that will ensure our long-term growth and enhance competitiveness. benefit
Promoting interregional trade
For his part, His Excellency Khaled Mohammed Balama, Governor of the Central Bank of the Emirates, emphasized the importance of the agreement and said that it comes within the framework of the UAE’s commitment to strengthen partnership bridges and effective relations with the countries of the world. , in accordance with its strategy to contribute to the growth and diversification of the economy through foreign trade, supported by a strong business system and innovation .. At the same time, the agreement confirms our commitment to development stable by contributing to the increase of intra-. trade and investment flows, creating new opportunities for projects that support the economies of both countries, and developing financial cooperation, especially in the areas of modern financial technology and advanced technologies in cross-border payments borders, which contribute to contributing more It provides flexibility to the national economy and enhances the position of the UAE as a leading country in global development.
Green technology and electronics
Major General Suhail Saeed Al Khaili, Director General of the Federal Authority for Identity, Citizenship, Customs and Port Security, said: The program of comprehensive economic partnership agreements adopted by the UAE is a fundamental basis of our strategy to strengthen and expand our foreign trade relations. with the most important countries around the world.
Our agreement with Costa Rica represents a new step forward on that journey, as it gives our private sector the opportunity to promote our non-oil foreign trade with a country that builds a reputation for innovation. , especially within areas such as The agreement will grow our trade with these dynamic regions and our investments there, while allowing our private sector to benefit from Costa Rica’s position as a gateway to the Americas Latin.
More openness
His Excellency Abdullah Mohammed Al Basti, Secretary General of the Executive Council of the Emirate of Dubai said: The Comprehensive Economic Partnership Agreement between the UAE and Costa Rica translates the positive vision of our wise leadership for greater openness to the world through new. markets, strengthening trade and investment relations with promising economies, and opening the way for sharing the UAE’s positive experiences in various fields. is an attractive destination for visitors, investors and entrepreneurs, thanks to the continuous development that the emirate has seen and its business environment that promotes growth, and its achievements, to become a model for high-rise cities -objective that looks forward to… the future.
He said: The Comprehensive Economic Partnership Agreement with Costa Rica will open a broad vista for cooperation between the business community in Dubai and its counterpart in Costa Rica, and will give Costa Rican investors access to global markets. through Dubai and benefit from the advanced. Digital and logical infrastructure it provides.
2024-04-18 22:04:54
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