UAE-US meet finds ways to ease business facilitation

ABU DHABI - The UAE– US Economic Policy Dialogue (EPD), concluded in Abu Dhabi on Wednesday. The US delegation was led by assistant secretary for Economic and Business Affairs Jose W. Fernandez and included representatives from the Department of State, the Department of Commerce, Department of Treasury, and the Department of Homeland Security with input from several other government agencies.

By (Wam)

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Published: Fri 29 Mar 2013, 11:27 PM

Last updated: Sat 4 Apr 2015, 9:45 AM

The UAE delegation was led by Khalid Al Ghaith, Assistant Foreign Minister for Economic Affairs for the UAE, and consisted of the Ministries of Foreign Affairs, Finance and Economy, as well as the Federal Customs Authority, Tawazun, Tawteen, Masdar, Emirates Nuclear Energy Corporation, Taqa, and Mubadala.

Representatives from the UAE and US met for the third session of the UAE-US EPD in Abu Dhabi. The dialogue is designed to supplement and deepen the official bilateral dialogue between the UAE and the United States.

The meeting reflected the achievements that have been made since the first dialogue last year, such as the hosting of the third Annual Global Entrepreneurial Summit on December 2012 in Dubai and the new visa system provided by the US for UAE business people visiting the US. The discussions focused on topics including exploring ways to ease business facilitation, formalising mechanisms for linking US businesses with UAE training and internship organisations, addressing regional political risk perceptions related to e-commerce, and looking into opportunities for collaboration in energy, cyber security, and the involvement of the private sector.

The event was also a platform to announce the creation of a US-UAE CEO Roundtable that will advise successive EPD meetings starting later this year and the publication of a new study on the economic impact of the new commercial air routes between the two countries.

The UAE is the largest export market for US goods in the Middle East and Arab World. Total trade between both countries reached $24 billion in 2012. Today’s meeting underscores the strong UAE-US relationship and provided opportunities to discuss ways to further deepen our economic cooperation, which will lead to more economic growth and job creation in both countries.

Following the dialogue, a senior-level working dinner between government officials from the UAE and the United States and the private sectors from each side was held at Emirates Palace Hotel.

It provided an opportunity for the private sector to engage senior US and UAE government officials directly about topics, outcomes, and proposals on the agenda for the private, bilateral EPD meetings between the two government delegations.

The next Economic Policy Dialogue will be held in Washington, D.C. in the latter half of 2013 and is expected to include discussions on new strategic initiatives and priority sectors.



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