- Development & Aid
- Economy & Trade
- Human Rights
- Global Governance
- Civil Society
Friday, February 15, 2019
Hong Kong, Jun 27 2018 - By: Hatem Mohamed – Abdullah Al Saleh, Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy, has commended the robust relations between the UAE and Hong Kong, reaffirming the UAE’s continued contribution to the Belt & Road Initiative, aimed at promoting cooperation ties between countries of the region.
“The UAE is now the second largest Arab economy and has secured great strides over the past years that earned the country a prestigious position on the global trade map thanks to its investment-friendly environment, application of best practices, and resilient logistics sector,” Al Saleh said during his meeting with the Vice Chairman of the Chinese General Chamber of Commerce, Brandon Liu.
“UAE and Hong Kong have several advantages in common, including the adoption of a liberal economic policy,” he added, underlining the robust re-export sector the two sides have.
The Belt and Road Summit, organised by the Government of the Hong Kong Special Administrative Region and Hong Kong Trade Development Council, brings together senior government officials, representatives of international institutions, business leaders and industry experts from countries along and beyond the Belt and Road to exchange views on multilateral co-operation and explore new business opportunities arising from the Belt and Road Initiative.
Al Saleh presented the key investment incentives provided by the UAE to accelerate FDI inflows into the country, including resilient legislation, strong infrastructure facilities, and advanced technologies across all fields.
He called on Hong Kong investors to benefit from the country’s coveted geographical position, which gives Hong Kong companies a streamlined access to the MENA region.
For his part, the Hong Kong senior official underscored the growing interest of Chinese investors in continuing to establish fruitful strategic relations with the UAE.
He reaffirmed the significant role assumed by the UAE in the BnR Initiative.
WAM/Hatem Mohamed/Tariq alfaham
IPS is an international communication institution with a global news agency at its core, raising the voices of the South
and civil society on issues of development, globalisation, human rights and the environment
Copyright © 2019 IPS-Inter Press Service. All rights reserved. - Terms & Conditions
You have the Power to Make a Difference
Would you consider a $20.00 contribution today that will help to keep the IPS news wire active? Your contribution will make a huge difference.