Sharjah Chamber, Guatemala sign MoU to strengthen mutual economic ties

By Arya M Nair, Official Reporter
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Sharjah Chamber of Commerce and Industry (SCCI) has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Guatemala, led by the economy, tourism, and investment ministries.

The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both friendly countries.

The agreement was signed by Mr. Abdullah Sultan Al Owais, Chairman of SCCI, and Mr. Luis Alfonso Bosque Gingila, Chairman of the Guatemalan Chamber of Industry, at the Guatemalan pavilion at Expo 2020 Dubai. Under the agreement, the two sides will promote the exchange of trade and discussions in the fields of export and economy and support follow-up visits in this regard.

It also provides for the coordination to establish and expand a commercial network that facilitates trading business opportunities available in the two countries, as well as the exchange of commercial data and statistics and activation of joint research, and participation in the economic events, exhibitions, and conferences for each side.

Abdullah Sultan Al Owais Image
Abdullah Sultan Al Owais
Chairman – SCCI

“The MoU reflects the SCCI’s efforts to strengthen its relations and international partnerships with the countries participating in Expo 2020 Dubai, expecting the agreement would build new bridges of fruitful cooperation between the business communities in Sharjah and Guatemala and raise the emirate’s trade relations to distinct levels.”

Mr. Al Owais pointed out that Guatemala is one of the countries packed with investment opportunities, highlighting the importance of strengthening relations between Sharjah and Guatemala, which reflects the growth and prosperity that receives all support and care from the leadership and people of the two friendly countries

Mr. Gingila said the agreement is an important strategic step towards consolidating relations between Guatemala and the UAE and the Emirate of Sharjah in particular.

Related: Sharjah discusses improving bilateral ties with Guatemala & Costa Rica