UAE and The Netherlands Meet to Strengthen their Economic and Trade ties
The main objective of the meeting was to discuss several ways that the two countries can strengthen their economic and trade ties. In order to improve their national strategies in the most creative manner, the two countries placed most of their attention on seven different sectors that they can potentially develop. These sectors are:
- Renewable energy
In order to help promote Netherlands investment environment, the meeting discussed introducing the UAE to all of the countries investment prospects. This would be done by sending a high-level trade delegation from the UAE by the Minister of Economy to the Netherlands.
A choice was additionally taken for the UAE and the Netherlands to consent to a community oriented agreement to propel advancement in the SME sector in both nations.
Al-Mansouri said trade amongst the two countries has expanded from $3.086 billion in 2013 to $3.924 billion in 2014. At the moment there are 69 Dutch organizations, 165 Dutch trade offices and 4,145 trademarks that are enrolled in the UAE. Approximately over $5.6 billion is valued to be the consolidated Dutch interests in the UAE.
UAE has successfully built itself through its continuous improvement strategy and vision as they now act as role models for economic diversification in the region. As the two countries share many similarities when it comes to their vision and goals for advancements, Netherlands will be benefiting from the collaborative partnership with the UAE making them a very important strategic partner. Netherlands does offer UAE many opportunities for investments as they are known as the second largest exporter of food products in the globe and a noteworthy exporter of learning, know-how and innovation
Another reason for this meeting was to bring attention to some of the challenges that are faced by Dutch firms. Working together would allow investors from the Netherlands to seek more investment prospects in the UAE. Some of the attractive projects that UAE has to offer Dutch firms are in engineering, renewable energy, smart grids, energy efficiency, environment and technology domains.