UAE-Turkey Joint Economic Committee holds preparatory meeting

Press release

Published February 10th, 2011 - 09:51 GMT

Al Bawaba

The UAE-Turkish Joint Economic Committee has held its preparatory meeting The two sides discussed details of the agenda of the official ministerial meeting next Thursday.

Tuesday's meeting was chaired by Undersecretary at the UAE Ministry of Economy Mohammed Ahmed Al Shehhi and Turkish Ambassador Vural Altay.

A joint statement on the committee's meetings and a number of memoranda of understanding will be signed on Thursday.

Al Shehhi said the meeting also discussed ways to increase trade exchange with Turkey and investment opportunities in both economies. The agenda of the meeting also included cooperation in areas such as customs, intellectual property, agriculture, aviation, transport and standards.

For his part, the Turkish Ambassador expressed his country's interest in promoting relations with the UAE.

Turkey's investments in the UAE reached AED 23.9 billion while UAE investments in Turkey reached 18.4 billion.

Background Information

UAE Ministry of Economy

Ministry of Economy carries out the preparation of the project of the General Development plan of the state, identifies its stages and annual divisions and all matters associated to that such as projects, legislations and proposals. All in view of the general strategic plan of the state and the studies it makes besides the preprograms and information presented by the various ministries.