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UAE and Ukraine draw up a roadmap to boost trade and investment – Local Economy

The UAE-Ukraine Joint Coordination Committee held its first remote meeting, last Thursday, under the co-chairmanship of the Minister of State for Food and Water Security, Maryam Bint Muhammad Al Muhairi, and the Director of the Office of the President of Ukraine, Andrei Yarmak.

The meeting – which comes after the first visit of the Ukrainian President, Vladimir Zelensky, to the UAE – witnessed wide participation of senior officials, at a time when a plan to strengthen the strategic partnership and joint work mechanisms were discussed.

During the meeting, a roadmap for promoting trade and investment was drawn up, with four areas of cooperation proposed: food and agriculture, infrastructure and heavy industries, aviation and space, information technology and telecommunications, and military and defense technologies.

The Minister of State for Food and Water Security, Maryam Al Muhairi, said that the first visit of President Vladimir Zelensky to the UAE resulted in setting a clear vision to strengthen the strategic and close relations between the two countries, which in turn opened the doors to discover new cooperation opportunities, and this visit paved the way for the formation of The UAE-Ukraine Joint Coordination Committee, which sets agreed goals and timetables, to take our strategic partnership to a new level.

Al Muhairi emphasized that strengthening the relationship of the UAE and Ukraine constitutes an important part of the foreign policy objectives of the state’s government, as our goal is to increase our non-oil bilateral trade, which currently amounts to $ 806 million, in a systematic and sustainable manner.

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She explained, “To support this trend, new agreements will be signed, based on the agreement to protect and encourage investment, signed in January 2003, and the agreement to avoid double taxation, which was signed on February 14, 2021, during the Ukrainian president’s visit to the UAE,” she said.

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