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UAE-Tunisia explore ways to bolster cooperation

posted on 17/01/2008: 716 views

The UAE and Tunisia yesterday explored new ways of bolstering economic cooperation. A proposal to establish a joint economic forum is one among many ideas being considered by the two sides to enhance trade exchange. In a meeting held here today, the two sides agreed to activate the role of the UAE-Tunisia ministerial Council which is scheduled to convene shortly in Tunis.

"Tunisia particularly stands to gain from the enormous opportunities that are emerging in the UAE. The UAE, on the other hand, is expanding its investments in Tunisia", said Shaheen Ali Shaheen, Assistant Secretary General of the Federation of the UAE Chambers of Commerce.

Shaheen, who headed the UAE side, also revealed that UAE investments in Tunisia rose to Dh3.3 billion during the first nine months of 2006. These investments have continued to increase significantly, particularly in the area of tourism and energy.

For his part, Tunisian Ambassador to the UAE Mohammed Al Sideiri said the UAE was the second largest trade partner for Tunisia after Saudi Arabia. Tunisian exports to the UAE rose to 167 per cent during the first quarter of 2007, while UAE imports from Tunisia stood at Dh48.4. UAE exports stood at Dh34.6 - Emirates News Agency, WAM


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