The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between the two countries.
The agreement will establish a framework for developing stronger business relations between the parties and cooperation procedures to enhance the achievement of their respective economic objectives in addition to forming successful partnerships, coordinating trade delegations, and visits between the two countries, media reports said.
The agreement also states that both parties will cooperate to promote trade in their respective countries, exchange information on trade opportunities and investment potential, organize prospective business missions, study trips, commercial events, trade fairs, exhibitions, seminars and training sessions for mutual benefit of businesses.
The signing of the new document comes during a meeting held between Abdullah Mohamed Almazrui, Chairman of the Abu Dhabi Chamber, and Dr. Renganaden Padayachy, Minister of Finance and Economic Development of Mauritius, at EXPO 2020 Dubai.
Mohamed Helal Al Mheiri, Director General of Abu Dhabi Chamber, attended the meeting from the Emirati side, whereas Harvesh Kumar Seegolam, Governor of Bank of Mauritius; Issa Soormally, Vice Chairman of EDB; Ken Poonoosamy, CEO of the EDB and Shaukat Ali Soudhan, Non-resident Ambassador of Mauritius to the UAE, attended from the Mauritian side.
During the meeting, both sides stressed the importance of strategic agreements aimed at attracting capital and facilitating investors’ work to benefit from the investment opportunities offered by both countries, especially when Abu Dhabi is a top destination for doing business, the reports said.
On the other hand, Mauritius is a country that seeks to provide an open and stable environment for businesses and investment funds to attract more foreign investments.
Almazrui commented that by signing the document, Abu Dhabi seeks to deepen the cooperation of Emirati businesses with their counterparts around the world.