UAE & EU explore ways to boost bilateral cooperation in various sectors

By Shilpa Annie Joseph, Official Reporter
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UAE Minister of State for Financial Affairs, Mr. Mohamed Hadi Al Hussaini has discussed ways to improve bilateral cooperation with European Commissioner for Budget and Administration, Mr. Johannes Hahn.

During the meeting, both parties explored ways to strengthen cooperation between both parties across various fields to achieve mutual benefit.

From the EU delegation, Mr. Gert Jan Koopman, Director-General of Directorate General for Budget, Mr. Emil Paulsen, Deputy Head of the EU Delegation to the UAE, Ms. Hanna Jahns, Member of the Commissioner’s Cabinet and Ms. Taina Sateri, Trade Counsellor at the EU Delegation attended the meeting.

During the meeting, Mr. Al Hussaini welcomed Mr. Hahn and his accompanying delegation and emphasized the importance of such meetings in strengthening cooperation ties between both parties.

“The UAE works with regional and international institutions and organizations to take proactive measures to contribute to mitigating the repercussions of the COVID-19 pandemic, stimulating recovery, and supporting sustainable economic growth,” the UAE Minister said.

Mr. Hahn noted, “I am grateful for a constructive and forward-looking meeting with UAE Minister of State for Financial Affairs. We have discussed European Union NGEU Recovery Plan and investment opportunities related to the EU issuance program, especially green bonds. In order to implement ambitious priorities of the Paris Agreement, we need investments and sustainable financing opportunities.”

The European Union’s ‘Next Generation EU’ program, a temporary recovery instrument put up by the EU to help economic recovery and construct a greener, digital, and more resilient future for EU members, was presented during the meeting.

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