Abu Dhabi Chamber, Mauritius sign deal to boost economic & trade ties

By Shilpa Annie Joseph, Desk Reporter
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The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to strengthen the economic and trade relations between Mauritius and the emirate.

According to the statement, the agreement aims to serve the business environment as a world system for positive partnership, sharing experiences, and best practices between businesses.

During the meeting, both sides explored ways for firms in Abu Dhabi and Mauritius to collaborate to increase trade and serve their common interests.

“Both parties stressed the importance of strategic agreements aimed at attracting capital and facilitating investors’ work to benefit from the investment opportunities offered by both countries, especially that Abu Dhabi is a top destination for doing business thanks to its unique capabilities, ambitious vision, and advanced economic services. On the other hand, Mauritius is a country that seeks to provide an open and stable environment for businesses and investment funds to attract more foreign investments,” as per the statement.

Mr. Abdullah Mohamed Almazrui, Chairman of the Abu Dhabi Chamber, commented that by signing the document, Abu Dhabi seeks to deepen the cooperation of Emirati businesses with their counterparts around the world.

Mr. Almazrui emphasized the chamber’s awareness of the need to create strategic alliances with a variety of countries and international financial institutions in order to expand its economic and financial ties and strengthen Abu Dhabi’s position on the global economic map.

According to the statement, “The agreement will establish a framework for developing stronger business relations between the parties and cooperation procedures to enhance the achievement of their respective economic objectives in addition to forming successful partnerships, coordinate trade delegations, and visits between the two countries.”

The agreement also states that both parties will cooperate to promote trade in their respective countries, exchange information on trade opportunities and investment potential, organize prospective business missions, study trips, commercial events, trade fairs, exhibitions, seminars, and training sessions for mutual benefit of businesses.

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