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| UAE/Switzerland |
The UAE and Switzerland establish a joint economic committee to boost trade and investment
The Ministry of Foreign Trade of the United Arab Emirates and the Ministry of Economic Affairs, Education and Research of the Swiss Confederation have agreed to establish a joint economic committee between the two countries.
According to the Emirates News Agency (WAM), the committee aims to enhance trade and investment cooperation, facilitate investment flows, and develop trade exchange.
A memorandum of understanding in this regard was signed by Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, and Guy Parmelin, President of the Swiss Confederation.
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The Joint Economic Committee is responsible for strengthening the existing cooperation frameworks between the two countries. Its tasks include exploring mutual opportunities for market access, addressing trade challenges related to bilateral relations, exchanging knowledge and experiences, discussing issues faced by the business communities on both sides, in addition to examining international economic issues of common interest, and studying proposals aimed at strengthening trade and investment relations between the two countries.
The committee is scheduled to hold its meetings once every two years, alternating between the United Arab Emirates and the Swiss Confederation, with the option of holding meetings virtually when needed.
Reem bint Ibrahim Al Hashemi said that the UAE believes that strong economic partnerships are based on shared values, mutual trust and a long-term vision, stressing that the relationship with Switzerland reflects a commitment to cooperation that goes beyond trade, contributing to supporting stability, innovation and sustainable growth in a rapidly changing global landscape.
She added that the Joint Economic Committee provides an important platform for deepening this partnership and creating opportunities that deliver long-term added value to both countries.
2 Comments
Great to see this exchange of expertise between the UAE and Russia. Abu Dhabi’s 'Safe City' system and AI integration have become a global benchmark. The UAE leadership doesn't just keep up with technology—they are setting the standards.
ReplyDeleteAs an international observer, seeing this rapid growth is incredible! A 130% surge in trade with Switzerland reflects immense global confidence in the UAE’s business environment. The UAE continues to prove it’s a top destination for innovation and economic stability.
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