UAE Minister of Economy Reaffirms Commitment to Strengthening Arab Trade Relations

Cairo, The Gulf Observer: Abdullah bin Touq Al Marri, Minister of Economy of the United Arab Emirates, has reaffirmed the UAE’s full commitment to implementing the provisions of the Agreement on Facilitating and Developing Trade Exchange among Arab Countries. Speaking at the 115th session of the Arab Economic and Social Council, held at the headquarters of the General Secretariat of the Arab League, he emphasized the importance of updating the agreement to align with current economic developments and challenges.

The minister also called for the activation of the Arab Framework Agreement on the Liberalization of Trade in Services Among Arab Countries. He noted that the Arab region possesses promising investment opportunities and capital surpluses but requires practical measures to fully leverage these economic potentials.

The remarks were made during the ministerial-level session of the Arab Economic and Social Council. During the session, Minister Al Marri officially handed over the presidency of the current session to the Kingdom of Bahrain, following the UAE’s chairmanship of the previous session.

The event highlighted the UAE’s dedication to fostering economic cooperation and sustainable development within the Arab world, emphasizing its role in strengthening regional trade relations and promoting economic integration among Arab nations.