PHOTO
- Strategic agreement forged ahead of the Global Business Forum Latin America, which takes place March 23rd-24th at Expo 2020 Dubai.
Dubai, UAE: Dubai Chambers and Chamber of Commerce and Services of Uruguay signed a memorandum of understanding (MoU) with Chamber of Commerce and Services of Uruguay (CCSUY) to encourage, promote and facilitate an effective cooperation in the areas of trade, industry and services.
Under the terms of the agreement, Dubai Chambers and CCSUY will align their efforts to facilitate and expand cooperation, trade and business between their respective members. The two entities will exchange information related to economic, commercial and industrial matters, including information on sectors of mutual interest, as well as business opportunities in the UAE and Uruguay.
The chambers will organise business delegations and encourage their respective members to participate in seminars, webinars, trade fairs, exhibitions and conferences.
The signing was followed by the UAE-Uruguay Business Forum, which was attended by Uruguayan President H.E. Dr. Luis Lacalle Pou; H.E. Sultan Bin Sulayem, Chairman of Dubai International Chamber; H.E. Hamad Buamim, President & CEO of Dubai Chambers; and a high-level delegation of Uruguayan government officials and businessmen.
During the forum, the Uruguayan President pointed out the importance of developing economic relations between the UAE and his country, and benefiting from the capabilities of both sides to strengthen bilateral ties and investment cooperation.
H.E. Dr. Luis Lacalle Pou said that his country is looking forward to promising economic and trade relations with the UAE, calling on Emirati companies to come to Uruguay and invest in it, especially as it provides an ideal environment for the growth of investments in various sectors that can achieve common goals and interests.
Addressing participants, H.E. Bin Sulayem said the agreement builds new bridges of cooperation between business communities in the UAE and takes Dubai’s trade relations with Uruguay to the next level. The presence of H.E. Dr. Luis Lacalle Pou reflects Uruguay’s strong commitment to building economic partnerships with the UAE, he noted, adding that discussions with the visiting delegation would help shape the agenda of the Global Business Forum Latin America, which takes place March 23rd-24th, 2022 at Expo 2020 Dubai.
Dubai’s non-oil trade with Uruguay reached $14.6 million in 2020, accounting for a majority of the UAE’s trade with the Latin America country, H.E. Bin Sulayem revealed, adding that there plenty of untapped trade potential that Uruguayan companies and their UAE counterparts can benefit from.
The strategic agreement was signed by H.E. Hamad Buamim, President & CEO of Dubai Chambers and Mr. Haroldo Espalter, board member of CCSUY, in the presence of Uruguayan President H.E. Dr. Luis Lacalle Pou; H.E. Sultan Bin Sulayem, Chairman of Dubai International Chamber; as well as representatives from both chambers of commerce.
For his part, Haroldo Espalter, board member of CCSUY, said that in this entity, Emirati companies have an ally to successfully explore, develop and promote new business in South American region.
Uruguayan part reaffirmed its commitment to the Emirati institutions in the constant work to seek and create opportunities for cooperation and exchange at the commercial, technological and investment levels between both economies, which have high potential and great complementary with each other, in terms of trade of goods and services.
-Ends-
About Dubai Chamber:
Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers.
Follow us on:
www.facebook.com/dubaichamber
www.twitter.com/dubaichamber
http://www.linkedin.com/company/dubai-chamber-of-commerce-&-industry/
www.youtube.com/DubaiChamberTV
www.instagram.com/dubaichamber
For more information, please contact:
Ruba Abdel Halim
Manager, PR & Corporate Communications
Email: ruba.halim@dubaichamber.com
© Press Release 2022
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
