The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various fields.
This discussion is a part of the UAE’s Finance Ministry commitment to strengthen its relations with various countries, and regional and international financial institutions.
The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration with his delegation.
The meeting was hosted at the Ministry of Finance’s headquarters in Abu Dhabi.
Al Hussaini welcomed Johannes Hahn, and stressed on the importance of such meetings in strengthening cooperation ties between both parties.
He said, “The UAE works with regional and international institutions and organizations to take proactive measures to contribute to mitigating the repercussions of the COVID-19 pandemic, stimulating recovery and supporting sustainable economic growth.”
Johannes Hahn said, “We have discussed European Union NGEU Recovery Plan and investment opportunities related to EU issuance program, especially green bonds.”
“In order to implement ambitious priorities of the Paris Agreement, we need investments and sustainable financing opportunities,” he added.
Presented during the meeting was the European Union’s ’Next Generation EU‘ program, a temporary recovery instrument set up by the EU to support the economic recovery and build a greener, digital and more resilient future for the EU countries.