UAE Chamber strengthens trade partnership with Colombia

The UAE Federation of the Chambers has taken a significant step towards enhancing economic ties with Colombia by signing two Memoranda of Understanding (MoUs) with Colombian counterparts. These agreements aim to boost investment and trade opportunities between the two nations, as well as establish a joint business council.

The signing of these MoUs aligns with the Comprehensive Economic Partnership Agreement (CEPA) recently signed between the UAE and Colombia. This partnership is expected to usher in a new era of collaboration, mutual economic growth, and increased commercial and investment prosperity for both countries.

Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of Commerce and Industry, signed the MoUs on behalf of the UAE Chambers, while representatives from Colombia included the Executive Vice President of the Colombian Chamber of Commerce and the Executive Vice President of the National Business Association of Colombia.

Abdullah Mohamed Al Mazrouei, Chairman of the UAE Chambers and Chairman of the Abu Dhabi Chamber’s Board of Directors, emphasized the significance of these agreements in supporting national goals aligned with the UAE-Colombia CEPA. The MoUs are expected to facilitate knowledge and expertise exchange, strengthen commercial and investment cooperation between businesses, and contribute to driving comprehensive and sustainable development.

The parties involved in the MoUs will exchange knowledge and training experiences in economic development, with a focus on increasing commercial opportunities and expanding economic and industrial cooperation between companies in both countries. The agreements also pave the way for trade and economic delegation visits, as well as collaboration in international events, exhibitions, and conferences.