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- Ελληνικά
The strengthening of trade relations between Cyprus and the United Arab Emirates was the focus of a meeting today between the Minister of Energy, Trade and Industry, Natasha Peelidou, and the Emirati Minister of Foreign Trade, Thani Ahmad Al Zeyoudi. Ms. Pileidou accompanied along with other officials the President of the Republic, Nicos Anastasiades, during his visit to Dubai.
According to an official statement, the two Ministers explored the prospects of increasing trade flows between the two countries in goods and services, as well as ways of developing cooperation between entrepreneurs from Cyprus and the UAE in specific sectors, such as aquaculture and livestock farming. Ms. Pileidou also referred to Cyprus' efforts to promote Cypriot products that have export potential, such as medicines, halloumi and other products that have been registered with Designation of Origin.
Furthermore, during their meeting, the two Ministers discussed the possibility of cooperation between the two countries in the hotel sector, as well as between universities. With Mr. Thani Ahmad Al Zeyoudi, who was previously UAE's Minister of Climate Change and Environment, they also discussed the prospect of bilateral investments in large-scale Renewable Energy Sources (RES) projects, with special reference to floating solar parks and the Israel-Cyprus-Crete electricity interconnection.
The Minister, after explaining to her counterpart the competitive advantages of Cyprus as an international business centre, including the provision of a comprehensive range of high quality services, also informed him about the operation of the "Investment Facility Unit".
The Unit, Ms. Pileidou explained, aims to quickly and efficiently process requests received from foreign companies to establish and operate a company in Cyprus and, therefore, can assist UAE companies to operate in the EU. Similarly, the UAE Minister of Foreign Trade informed the Minister about the procedures in place in the UAE to facilitate Cypriot entrepreneurs to operate in the country.
The two Ministers agreed to proceed with the appointment of a project team from each country, as well as the creation of technical teams to promote what was discussed to strengthen trade relations between Cyprus and the UAE, with Ms. Pileidou also proposing the undertaking of joint initiatives, such as the organization of trade missions and seminars, with the participation of the private sector.
Tomorrow, Thursday, February 24, the Minister of Energy, Trade and Industry will be one of the speakers at the Business Forum in Dubai, in the presence of President Anastasiades. Ms. Pileidou will elaborate on investment opportunities in the green energy sector.
Source: CNA
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