UAE is full of investment opportunities for Dutch and international companies

posted on 01/09/2010: 41 views

Gilles Beschoor Plug, Director of the Middle East Department at the Dutch Foreign Ministry, confirmed his country's keenness to develop relations of friendship and cooperation with the UAE in various fields.

Plug, a former Netherlands ambassador to the UAE, said in an interview with Emirates news agency "WAM" that the formation of the new Dutch government will give new an impetus to the promotion of economic and political cooperation with UAE, stressing that UAE is full of investment opportunities for Dutch and international companies.

He explained that trade between the two countries increased by 200 percent despite the global economic crisis, highlighting his country's trust in UAE economy, which he described as a strong economy.

He also noted that the UAE and the Netherlands have completed two agreements on avoidance of double taxation and protection of investments, which will enter into force in next January. He added that that the application of this agreement is an important step in the context of strengthening relations between the two countries. – Emirates News Agency, WAM

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