Dubai chamber holds a training course on FTA

DUBAI — The Dubai Chamber of Commerce and Industry (DCCI) organised a training course on the Free Trade Agreement (FTA) under the theme 'Challenges or Opportunities', yesterday at the chambers.

By A Staff Reporter

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Published: Tue 24 May 2005, 10:50 AM

Last updated: Thu 2 Apr 2015, 5:11 PM

The event was attended by Abdul Rahman Ghanem Al Mutaiwee, director-general of DCCI, William H. Lash, the American assistant secretary of Commerce for Marketing Access and Compliance, Sultan Majid Lootah, manager of Business Promotion at the Trade and Industrial Development Department in DCCI, and more than 150 people of companies managers, businessmen and economic experts.

Al Mutaiwee said: “The significance of the free trade agreement training course lies in its important topic regarding the proposed signing on FTA with the United States which is expected to open doors and new hopes for developing the business sector in the UAE, in addition to other difficulties and challenges that the current competitive commerce in the UAE has to face."

The director-general also highlighted the importance of participating in such significant economic training courses and workshops which the DCCI arranges in the line with its keen interest and support to all activities and events that largely contribute to introducing the local business community in Dubai to the world economic changes and other related issues which would help them develop their businesses and enhance their trade ties with the world countries.

He pointed out that the course aimed at explaining the content of the FTA and talked in some detail about the available opportunities upon signing the agreement and made a comparison between the UAE and other countries which have already signed on similar agreements with the United States.

William H. Lash gave a speech during the FTA training course in which he stressed the importance of this course in creating new opportunities for Dubai to get closer to the US, in addition to attracting more investments and capital and obtain an extra level of security and protection for the two parties involved in the agreement.

He noted that signing the Free Trade Agreement with all the GCC countries needs more time.

The training course also discussed other important issues such as the analysis of points of strength and weakness, opportunities and threats and its influence on the UAE economy, in addition to what could be done to improve the negotiation position of the UAE in general, and Dubai in particular, before signing the agreement.

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