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Saturday, May 18, 2024

UAE keen to expand economic partnership with US: Sheikha Lubna

Sheikha Lubna(Abu Dhabi) – Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade held talks with visiting US Under Secretary of State for Economic, Business, and Agricultural Affairs Robert Hormats.

During talks, Sheikha Lubna expressed UAE’s keenness to further boost its cooperation with the US particularly in trade and investment and opening up new avenues of collaboration in future in lighting of the available, diverse opportunities in these two sectors.

She underlined the importance of the role the Small and Medium Enterprises (SMEs) and also stressed on the need to share expertise and ideas on best methods to improve SMEs performance and export capacity so as to compete in international markets.

Sheikha Lubna informed the US official about the UAE’s strengths in the renewable energy sector which US companies can tap to expand their operations in the UAE market through joint strategic investment partnerships.

The US official asserted the UAE would remain an important player in the Middle East and acts as leverage for boosting the US bonds with the region given its status as a world trade hub and a key market for US exports in the region.

He said the US is looking forward to use the vibrant, deep relations with the UAE to explore new opportunities for joint economic and investment partnership.

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