Media ININ Economy We Trust
21-01-2019 Media in Abu Dhabi\WAM
Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, discussed means of developing the prospects of the trade and investment partnership between the UAE and Australia during his meeting with Simon Birmingham, Minister of Trade, Tourism and Investment of Australia.
The meeting was held at the Ministry’s headquarters in Dubai, Australian Ambassador to the State Arthur Spiro and Australia’s Consul General Ian Halliday. The ministry was also attended by Abdullah Al Hammadi, Director of Tourism Department,
The two sides also discussed the opportunities and challenges posed by the e-commerce sector, exchanged views on the existing dialogue within the World Trade Organization in this regard, and the proposals and views presented by a number of the OIC Member States To develop key provisions that may be developed in the future into an international convention governing e-commerce.
The Australian side also reviewed the ongoing preparations for the organization of the Australian pavilion at Expo 2020, emphasizing their keenness to achieve a unique partnership that will serve to enhance Australian investment in the region and open up new markets for Australian investors. A number of Australian companies are also preparing for the Expo 2020, Contracts related to services, construction and others.
The current arrangements for the second session of the joint economic committee between the two countries were also discussed.
Abdullah Al Saleh stressed the importance of the bilateral relations between the UAE and Australia, which are translated into tangible growth rates of non-oil trade exchange between the two countries, as well as diversification of economic cooperation, which includes a number of vital sectors, notably agriculture, food products, financial sector, tourism, civil aviation and services. And others ..
Where non-oil trade between the two countries recorded about 3.3 billion dollars by the end of 2017, achieving growth of more than 16% from the previous year.
