UAE FCCI unites with Moldovan Chamber of Commerce to set up joint business council

By Shilpa Annie Joseph, Desk Reporter
  • Follow author on
UAE
Representational Image

UAE Federation of the Chambers of Commerce and Industry (FCCI) and Moldova’s Chamber of Commerce and Industry have signed a Memorandum of Understanding (MoU) to establish a joint business council for Emirati and Moldovan business owners.

The MoU calls for fostering investment and economic opportunities between the two countries, as well as improving commercial relations, expanding commercial partnerships, encouraging joint investments, and providing support and facilities to the Emirati and Moldovan commerce and business sectors.

The MoU was signed virtually by Humaid Mohammed bin Salem, Secretary-General of the FCCI, and Sergiu Harea, President of Moldova’s Chamber of Commerce and Industry, in the presence of Salem Ahmed Salem Al Kaabi, UAE Ambassador to Ukraine, Ambassador Extraordinary and Plenipotentiary, and Non-Resident Ambassador to Moldova, and Victor Haruta, Ambassador of Moldova to the UAE.

During the signing, Mr. Humaid bin Salem has emphasized the importance of the council, which will support both the two countries’ business communities by facilitating cooperation.

He also stated that the private sectors of both countries will play a key role in promoting commercial partnerships as well as enabling investors and business owners to participate in one of Eastern Europe’s most important markets and benefit from commercial opportunities in a variety of sectors, including logistics, tourism, and agriculture.

Mr. Harea has noted that his country is eager to expand into new markets in Africa and Asia, emphasizing the role of the MoU in forging strong relations between UAE and Moldovan business leaders.

Moldova’s participation in Expo 2020 Dubai will be a critical opportunity to demonstrate the country’s potential and its suitability as an investment destination, Mr. Harea added.

Related: UAE & Serbia opens quarantine-free travel corridor for vaccinated people

YOU MAY LIKE