UAE, Moldova meet to discuss trade ties
The Sharjah Chamber of Commerce and Industry (SCCI) hosted a meeting between the Federation of UAE Chambers of Commerce and Industry (FCCI) and a high-level Moldovan delegation.
The FCCI was headed by its deputy chairman Abdullah Sultan Al Owais, who is also chairman of the SCCI, while the Moldovan team was led by Minister of Economy and Infrastructure Chiril Gaburici.
The two sides explored various means of developing and strengthening economic and trade relations between the UAE and Moldova. The meeting was attended by Khalid bin Butti Al Hajri, director-general of the SCCI; Ahmed Jamea Al Qaisi, director of economic management at the FCCI; and a number of SCCI board members.
The meeting comes as part of an official visit to the UAE by the Moldovan delegation to highlight new areas of cooperation between both countries, especially since the UAE contains many investment opportunities in various sectors such as metals, pharmaceuticals, renewable energy, tourism, and financial services, among others.
The two sides agreed to exchange official visits, hold economic events and exhibitions, facilitate procedures for investors in both countries, provide incentives for Emirati companies to enter the Moldovan market and work to provide the private sector with vital information such as rules, among many others.
Non-oil trade between the UAE and Moldova amounted to $8.2 million in 2017, with non-oil exports increasing 33.7 per cent compared to the previous year.
The two countries are looking forward to advance economic and trade cooperation, which has been reflected in the high-profile visits between them and the signing of several specific cooperation agreements geared towards the development of more fruitful partnerships, such as the air services agreement between the UAE and Moldova.