Mr. Sanghoon Lee & Mr. Omar Al Suwaidi at the MoU Signing Ceremony | Image Courtesy: WAM
The UAE Ministry of Industry and Advanced Technology (MoIAT), has signed a Memorandum of Understanding (MoU) with the Korean Agency for Technology and Standards (KATS), with the aim of enhancing technical collaboration and knowledge exchanges in standardization to facilitate bilateral trade.
This aligns with the nation’s efforts to reach new markets and boost global collaboration by implementing programs and mechanisms that support the harmonization of conformity and standards, lowering technical trade barriers.
The MoU was signed by Mr. Omar Al Suwaidi, Under-Secretary of MoIAT, and Mr. Sanghoon Lee, Administrator of KATS, at the Annual Meeting of the International Organization for Standardization (ISO) 2022, which is currently underway in Abu Dhabi and will run until 23rd September.
Omar Suwaina Al Suwaidi UnderSecretary MoIAT – UAE
“This MoU will help to strengthen bilateral cooperation between our two entities with the aim of learning from each other’s experiences for our mutual benefit and to enhance trade between our two countries. Standardization underpins global trade and is therefore a focus for the ministry, which is committed to supporting the UAE’s economic development by enriching the industrial ecosystem, of which quality infrastructure is a key part. The ministry’s MoU with KATS reflects our efforts to facilitate trade and technology transfers between countries by harmonizing national standards with international best practices.”
This comes as part of the UAE’s national industrial strategy, which aims to increase the contribution of the industrial sector to GDP. A key pillar of this strategy is enhancing the national quality infrastructure to help facilitate trade and support sustainable economic development, in line with the UAE’s economic diversification strategy.
Sharing his thoughts about the partnership, Mr. Lee said that, “We look forward to working alongside MoIAT in the field of standardization. Korea and the UAE stand a lot to gain from each other and by strengthening collaboration in standards, both our countries can benefit from enhanced bilateral trade. These kinds of partnerships are important in driving the development of global quality infrastructure to stimulate sustainable economic growth.”
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