UAE, UK agree to establish ambitious 'Partnership for the Future'

London - This Partnership will consist of two central pillars: the creation of sustainable prosperity and addressing global issues

The UAE and the UK have issued a joint communiqué on the visit to London of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Here is the full text of the statement:

"His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met United Kingdom Prime Minister Boris Johnson MP in London on September 16.

The leaders agreed to establish a new, ambitious Partnership for the Future that will strengthen the historic relations that the two countries share. The new partnership will build on this history, and ensure that the UAE and UK are able to work closely together to promote prosperity and security, tackle climate change, and expand the exchange of knowledge, skills and ideas. The meeting was attended by UAE and UK ministerial representatives, ambassadors and officials from both countries.

United Arab Emirates - United Kingdom: "Partnership for the Future"

The Prime Minister congratulated the UAE on the fiftieth anniversary of its founding. Both leaders welcomed the progress that bilateral relations have made during this time and underlined their high ambition for the future of the relationship. The UAE and the UK are committed to tackling global issues together. In recognition of the opportunity created by the depth of the strategic relationship between the two nations, both leaders agreed to establish a Partnership for the Future expanding the breadth and depth of the bilateral relationship.

This Partnership will consist of two central pillars: the creation of sustainable prosperity and addressing global issues. The leaders agreed to create new trade, investment, and innovation dynamics, and to strengthen collaboration in areas including life sciences, energy innovation, regional issues, illicit finance, education, security, development, culture, climate, and health and food security.

The UAE Minister of Foreign Affairs and International Cooperation and the Secretary of State for Foreign, Commonwealth and Development Affairs will co-chair an annual Strategic Dialogue to review the global issues pillar and to working closely together during the UAE’s term at the UN Security Council for the period of 2022-23.

Sustainable Prosperity

Trade, Investment, and Energy

The UAE and the UK share an important trade and investment relationship, with total trade of ₤18.6bn in 2019, and two-way investment of ₤13.4bn in 2019, promoting innovation, jobs and economic development. The leaders discussed the opportunities for economic cooperation presented by new and developing sectors including technology, education, healthcare and life sciences, and clean and renewable energy.

The leaders welcomed the recent steps to increase investment flows between both countries. Abu Dhabi’s Mubadala Investment Company and the United Kingdom’s Office for Investment signed the Sovereign Investment Partnership (SIP). This long-term strategic agreement will serve to drive the investment relationship between the two countries. Over a five-year period, the Sovereign Investment Partnership (SIP) will invest across four key innovation-led sectors — technology, infrastructure, healthcare, and life sciences, and clean and renewable energy — that will support job creation in both countries, strengthen national research and development capabilities and originate new areas of investment collaboration.

The leaders welcomed the March announcement that saw Mubadala commit ₤800m to United Kingdom life sciences, alongside the United Kingdom Government’s ₤200m Life Sciences Investment Programme. the leaders announced the UAE’s investment commitment to the UAE-UK SIP – ₤10bn over the next five years in: energy transition, technology and infrastructure. The leaders welcomed also the ongoing assistance from the British Business Bank. Moreover, they discussed a number of ongoing projects under the SIP framework, with plans to announce further investments in due course.

In the energy sector, the leaders agreed to step up ties in the energy transition and decarbonisation, with a particular focus on renewables and new forms of energy through three new agreements: [1] A trilateral collaboration between Abu Dhabi National Oil Company (Adnoc), Masdar and BP; [2] An agreement between Adnoc and BP on co-development of Carbon Capture, Usage and Storage; and [3] A forward-looking partnership between Masdar and BP to develop, build and operate energy and mobility services in urban spaces.

The leaders welcomed the conclusion of the UK – Gulf Cooperation Council Joint Trade and Investment Review in June 2021 and recent progress to boost bilateral trade through removing trade barriers and facilitating economic cooperation. They agreed on the importance of continued work in sectors such as education, healthcare, and food and drink, and through the UAE-UK Joint Economic Committee, the next meeting of which was agreed to be held during Expo 2020 in Dubai.

The leaders announced the signing of the Memorandum of Cooperation (MoC) on Industrial and Advanced Technologies Co-operation between the Department for Business, Energy and Industrial Strategy and the Ministry of Industry and Advanced Technology. The MoC highlights nine priority areas for collaboration between the two countries, including Life Sciences, Hydrogen, Space, emerging renewable energy technologies, and smart and green sustainable manufacturing that will be implemented through joint engagements between government, businesses, and academic entities.

The leaders also announced the signing of a Memorandum of Understanding (MoU) on Artificial Intelligence (AI) to facilitate the transfer of knowledge, investment, and standards to bring mutual benefit to both countries.

Both countries will form a space sector joint committee to drive bilateral discussions, to deliver economic prosperity for both nations.

Both countries have developed stronger industrial ties through collaboration in defence and security,. This includes blossoming relationships, including Tawazun Economic Council and EDGE Group. The Leaders agreed on working together to support these emerging and future partnerships in order to promote prosperity whilst strengthening business opportunities for both.

The UAE and the UK share an important strategic defence relationship. They agreed to strengthen this, particularly on capability development and defence industrial collaboration. Both Leaders welcomed the continuing strong ties between the UK and UAE Armed Forces. The UK looks forward to further collaboration with the UAE Presidential Guard; between our two air forces through UK participation in the Advanced Tactical Leadership Course, with UK jets from the Carrier Strike Group, and increased land exercises in the UAE.

Global issues

Climate

The leaders underscored the importance of mutual and sustainable investment through the Sovereign Investment Partnership (SIP) into our green industries to support decarburisation; through development partnerships to support climate resilience and adaptation in third countries; and cooperation on energy in the Joint Industrial Collaboration Framework.

The leaders welcomed the signing of a MoU on Climate Change and Environmental Cooperation which will strengthen collaboration on climate action, nature-based solutions and implementing the Paris Agreement. The partnership will focus on sharing best practice for climate neutrality, mainstreaming climate and environment within development cooperation, reducing climate risks, accelerating the low carbon transition nationally and globally, including through promoting the mandate of IRENA, mobilizing access to climate finance and promoting the Agriculture Innovation Mission for Climate (AIM for Climate), which will be formally launched at COP26.

Foreign Policy, Regional Issues, Security and Defence

The two countries reiterated their commitment to deepening their strategic partnership on foreign policy, regional, security and defence issues and they announced the launch of the strategic Dialogue that will drive forward collaboration in education, culture and climate change, multilateral co-operation and security issues.

The Prime Minister congratulated the UAE on its election as a non-permanent member of the UN Security Council for 2022-23, and underscored the UAE and the UK’s commitment to working together on the Security Council to promote international peace and security and address the security threats that the world faces. Moreover, the Leaders discussed the long-term strategic implications of the global recovery from Covid-19.

On regional issues, the two countries agreed to continue their close cooperation, including on security, development and humanitarian affairs. They emphasised the significance of the Abraham Accords in contributing to the enhancement of regional peace and security and reaffirmed their commitment to a negotiated two-state solution to the Israeli-Palestinian conflict, based on relevant UN resolutions.

The leaders expressed their concerns regarding developments in Afghanistan, and affirmed their commitment to preserving regional stability and preventing the resurgence of terrorism. They also emphasised the need for the protection of the rights of Afghan women and girls and emphasised the importance that their rights are preserved. The Leaders committed to work together to prevent a humanitarian disaster in Afghanistan and to support refugees.

The first UAE-UK Partnership meeting to tackle illicit financial flows will be held in London on September 17, 2021. The co-chairs will discuss the development of a joint action plan to mitigate and address shared illicit finance risks, threats, and vulnerabilities. The meeting will also include the signing of the Framework for the Partnership to Tackle Illicit Financial Flows."