December 2, 2020
2 mins read

UAE, Australia set up business council to boost trade

The launch was also attended by the UAE Ambassador to Australia, Abdulla Al Subousi, the Australian co-chair, the Hon Christopher Pyne, and the UAE co-chair, Badr Al-Olama, …reports Asian Lite News

The Prime Minister of Australia, the Hon Scott Morrison officially launched in Sydney the first-ever Australia-United Arab Emirates Business Council aimed at deepening bilateral trade and investment and expanding opportunities for Australian and UAE businesses.

Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, followed the Australian Prime Minister in welcoming the launch of the Business Council.

“Since the establishment of diplomatic relations in 1975, the UAE and Australia have been bound together by strong and longstanding ties, ranging from trade, tourism, investment, and culture, to people-to-people contacts, ultimately leading to a mutual benefit for both our nations,” said Dr. Anwar Gargash in a video message.

“I would like to welcome the decision to inaugurate this Business Council despite the pandemic. I truly believe that this Council will accelerate the growth of our economic cooperation in the years to come, as well as enhance investment and trade exchange,” he added.

The launch was also attended by the UAE Ambassador to Australia, Abdulla Al Subousi, the Australian co-chair, the Hon Christopher Pyne, and the UAE co-chair, Badr Al-Olama, who provided a video message of support from the UAE.

Australian Co-Chair, Mr Pyne, said that the establishment of the business council was long overdue for the two nations.

“I was surprised to learn during my time in politics that there has never been a business council before between Australia and the UAE. Our countries have so much to offer each other and it is our interest to promote mutual prosperity,” said Pyne.

“The Council will allow Australian and Emirati businesses an unparalleled chance to connect with decision makers in both government and enterprise to better foster and understand future requirements and opportunities.”

UAE Co-Chair Badr Al-Olama, said: “Establishing an Australia UAE Business Council has long been overdue, since our two great nations have been great allies and great friends over the many years.

“The depth and breadth of this long-standing relationship is demonstrated by the standing of the UAE as Australia’s largest trading partner in the Middle East, and the appeal of Australia as one of the top real estate investment destinations for the UAE.”

Also read:Bahraini Minister hails ties with UAE

Previous Story

Danish govt steps up curbs amid Covid surge

Next Story

Shekhar Suman Awaits A Miracle

Latest from -Top News

Trump: Ukraine ‘May Be Russian Someday’

Trump, who has been vocal about the need for a quick end to the conflict, had earlier floated the idea of meeting Ukrainian President Volodymyr Zelensky this week…reports Asian Lite News US

‘Right Time to Invest in India,’ Says Modi

Addressing the 14th India-France CEO Forum here, PM Modi said this meeting is a confluence of the best business minds from India and France….reports Asian Lite News Prime Minister Narendra Modi on

Modi, Vance Meet in Paris Ahead of US Trip

The meeting took place on the sidelines of an AI summit in Paris..reports Asian Lite News The United States announced on Tuesday that Vice President J.D. Vance and Prime Minister Narendra Modi

Bangladesh Hopes for Yunus-Modi Meet

This gives hope for the first-ever in-person meeting between Yunus and Prime Minister Narendra Modi on the sidelines of the summit…reports Asian Lite News Bangladesh interim government led by Muhammad Yunus is

India, Maldives Strengthen Digital Ties

Abdulla, on a four-day India visit, praised Parliament’s use of technology and AI, requesting Birla’s support to digitize Maldives’ Majlis….reports Asian Lite News India reaffirmed its commitment to supporting the Maldives in
Go toTop