The UAE International Investors Council (UAEIIC) and UAE-India Business Council (UIBC) have signed an agreement for facilitating trade and investments including expansion of joint ventures, technological & industrial collaboration between UAE and India.

The Memorandum of Understanding (MoU) was signed by Jamal Saif Al Jarwan, secretary general, UAEIIC and Abdul Salam, director general, UIBC during the seventh edition of Annual Investment Meeting (AIM) in Dubai.

As per the agreement, UAEIIC and UIBC will work together to facilitate, strengthen and diversify the cooperation between the UAE and Indian businesses, for pursuing a constant expansion of the trade and Investment between both the countries through exchange of business delegations, trade related information, and jointly organising trade shows, seminars and technical workshops.

Both sides reached extensive consensus on working towards tracking UAE investors’ issues & concerns; and facilitating in resolving them in best manner through a constructive dialogue between the investors and government agencies.

Both the parties also agreed to undertake the following actions:

1.    Promote mutual investment opportunities by facilitating resources and information sharing related to investment opportunities in different sectors;

2.    Promote exchange of visits for further expansion of bilateral trade & investment relations by delegations of business leaders from both the countries.

3.    Cooperate in organizing workshops, seminars on cooperation projects, exhibitions, conferences, technical seminars, and displays of the samples and literature of new products & technologies;

4.    Facilitate the establishment of effective platforms for cooperation and expand channels of resources sharing to enable, support and complement the enterprises of both the countries. – TradeArabia News Service