UAE, Australia strengthen trade ties
SYDNEY: The Prime Minister of Australia, the Scot Morrison officially launched in Sydney the first-ever Australia United Arab Emirates Business Council aimed at deepening bilateral trade and investment and expanding opportunities for Australian and UAE businesses.
Dr. Anwar Mohammed Gargash, UAE Minister of State for Foreign Affairs, followed the Australian Prime Minister in welcoming the launch of the Business Council.
“Since the establishment of diplomatic relations in 1975, the UAE and Australia have been bound together by strong and longstanding ties, ranging from trade, tourism, investment, and culture, to people-to-people contacts, ultimately leading to a mutual benefit for both our nations,” said Dr. Anwar Gargash.
“I would like to welcome the decision to inaugurate this Business Council despite the pandemic. I truly believe that this Council will accelerate the growth of our economic cooperation in the years to come, as well as enhance investment and trade exchange,” he added.
The launch was also atended by the UAE Ambassador to Australia, Abdulla Al Subousi, the Australian co-chair, the Hon Christopher Pyne, and the UAE co-chair, Badr Al-olama, who provided a video message of support from the UAE.
Australian Co-chair, Pyne, said that the establishment of the business council was long overdue for the two nations.
“I was surprised to learn during my time in politics that there has never been a business council before between Australia and the UAE. Our countries have so much to offer each other and it is our interest to promote mutual prosperity,” said Pyne.
“The Council will allow Australian and Emirati businesses an unparalleled chance to connect with decision makers in both government and enterprise to beter foster and understand future requirements and opportunities.”