The Federation of UAE Chambers of Commerce and Industry and the Indian Ocean Rim Association on Monday discussed ways to enhance trade and investment across IORA countries, and identifying challenges hindering the free flow of trade between member states.
Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers said that the UAE’s private sector plays a pivotal role in boosting cooperation in trade and investment with countries of the IORA.
He made this statement during his meeting at Expo 2020 Dubai with the visiting Chair of the Indian Ocean Rim Business Forum (IORBF) Fazal Shaikh.Â
The meeting also explored possible actions to be taken to bolster trade exchanges and investment in five key areas, namely streamlining trade exchanges and investment, SMEs, women’s economic empowerment, investment in goods and services and UAE’s business model.