The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a cooperation agreement with the Tel Aviv Chamber of Commerce (TACC), represented by the Federation of Israeli Chambers of Commerce, to enhance trade cooperation in a variety of business-related sectors.
According to the agreement, the two sides will work together to expand the bridges of collaboration in a variety of main investment sectors, including tourism, technology, agriculture, medicine, and digital industries.
The deal will help increase business opportunities for companies in both countries, increase the number of delegates and organize virtual economic events, which will serve the business communities of both countries and coordinate joint efforts to promote local trade.
“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 after 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.”
The ADCCI is the official representative of the private sector with over one lakh member companies in the Emirate. And through this agreement with TACC, both entities will work towards growing private sector business possibilities, providing the required resources to draw regional and foreign investment, sharing experiences, and offering the necessary training programs to improve their members’ business capabilities.
Adv. Uriel Lynn, President of the Federation of the Israeli Chambers of Commerce said, “The agreement with Abu Dhabi’s Chamber of Commerce, the largest and leading Emirate in the UAE, is a significant milestone in the ongoing developing relationship between both parties. This important step paves the way for additional collaborations in various sectors. It is also a great opportunity to launch a platform for Israeli export to the Indian subcontinent and Southeast Asia.”
“The partnership between both Israel and the UAE sets an example to other world economies on how to upgrade their standard of living by correctly allocating national resources.” Mr. Lynn noted.