ADCCI signs agreement with Israeli counterpart

ABU DHABI: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a cooperation agreement with Tel Aviv Chamber of Commerce (TACC), represented by the Federation of Israeli Chambers of Commerce, during a virtual meeting, to increase trade cooperation in a number of business-related sectors.

According to the agreement, both sides will jointly work to extend bridges of cooperation in a number of pivotal investment sectors including tourism, technologies, agriculture, medicine and digital professions.

The agreement will contribute to increasing investment opportunities before businesses in both countries and thus, increasing trade delegations as well as the organisation of virtual economic events, which will serve the business communities of both sides and help coordinate the joint efforts in promoting regional trade.

Both sides will also conduct economic studies about the markets of the region and explore the partnerships that might form a basis for trade cooperation between the different and promising economic sectors in both Abu Dhabi and Tel Aviv.

Mohammed Thani Al Rumaithi, Chairman of the ADCCI, said that the Chamber is completely ready to provide all the necessary services to support the cooperation between the two sides in all sectors and on all levels, especially ater signing the historic peace treaty with Israel.

“This will boost economic cooperation and investment partnerships between the two countries, considering them as prominent economic powers in the Middle East,” he added.