UAE, China to tune views on WTO talks

BEIJING - The UAE and China have discussed the possibility of coordinating efforts and views pertinent the negotiations of the World Trade Organisation (WTO).

By (WAM)

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Published: Wed 21 Apr 2004, 12:38 PM

Last updated: Wed 1 Apr 2015, 11:52 PM

In a meeting held here yesterday, the UAE economic delegation tackled with Chinese assistant minister of commerce Chen Jian means of enhancing bilateral economic and trade relations and prospects of future cooperation between their two countries.

The UAE delegation comprised of Jamal Lootah, assistant under secretary for industry at the Ministry of Finance and Industry and Abdulla Al Saleh, assistant under secretary for economic and international affairs at the Ministry of Economy and Commerce.

The talks centred on investment and joint industrial ventures particularly in technology, petrochemical and oil sectors.

The two sides also discussed the possibility of establishing a joint businessmen council and holding joint exhibitions. They further debated on holding the next meeting of the joint committee emanating from the economic, trade and technical agreement, in Abu Dhabi.

Tthe UAE and China also stressed the need for activating agreements signed between the two countries, namely agreements on the protection and guaranteeing of investment and avoidance of double taxation.

Mr Chen underscored the importance of enhanced trade ties with the UAE and welcomed the opening of a trade representation office in China.

The two sides then deliberated on the need for a Free Trade Zone between China and the member states of the AGCC. The UAE urged China to make use of the Arab Free Trade Zone scheduled to be set up in 2005.

They further discussed avenues of cooperation in the reconstruction of Iraq, particularly in construction and contracts.

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