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Khalifa underlines the need for joint investments with Brazil

posted on 08/12/2003: 708 views

H.H Sheikh Khalifa bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces has underlined the need for enhanced bilateral cooperation and joint investments between the UAE and Brazil. In a meeting in Abu Dhabi yesterday with the visiting Brazilian President Luiz Ignacio Lula da Silva. Sheikh Khalifa said the scope of bilateral cooperation between the two countries could be broadened to include areas of trade, economy and joint investments.

He noted that the UAE trade and commercial laws provide sufficient protection for foreign investments in addition to special prerogatives for foreign firms. Sheikh Khalifa welcomed the visit of President da Silva, saying that President H.H Sheikh Zayed bin Sultan Al Nahyan is keen to bolster bilateral cooperation with Brazil. For his part, President da Silva hailed the UAE support for the developing countries, particularly its contribution in the development projects. He also praised the en-compassing development achieved by the UAE under the leadership of Sheikh Zayed. (The Emirates News Agency, WAM)


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