UAE and Panama Discuss Enhancing Trade and Supporting Supply Chains
In an effort to strengthen economic relations, the UAE and Panama met to discuss ways to enhance trade and support supply chains. Discussions among senior officials focused on expanding opportunities for commercial and investment cooperation and supporting sustainable development in both countries. The meeting clearly indicated a mutual desire to improve economic integration and enhance the resilience of global supply chains.
Fruitful Meetings to Enhance Cooperation
During his official visit to Panama, Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi discussed ways to enhance commercial and investment cooperation with a group of officials from the public and private sectors. The UAE Ambassador to Colombia, Mohammed Abdullah bin Khater Al Shamsi, participated in the talks. This visit was part of the “UAE Trade Days,” which included a high-level delegation from the UAE, comprising government officials and business leaders.
Exploring Business Opportunities
Al Zeyoudi held several meetings with prominent government officials in Panama, focusing on strengthening economic relations and exploring available opportunities in sectors of mutual interest. These discussions are part of efforts to support the flow of trade and investments, emphasizing the mutual benefits of the strategic locations of the UAE and Panama in global trade movements.
Discussions on Global Connectivity and Integration
Al Zeyoudi participated in a discussion session at the Global Leaders Forum, where he emphasized the importance of developing infrastructure and enhancing connectivity through ports and airports. He also addressed the standardization of procedures and facilitation of customs processes as key factors to ensure the smooth flow of trade. He expressed interest in enhancing the efficiency of global trade by linking digital and technological systems.
Future Cooperation Opportunities
During his visit, Al Zeyoudi took a field tour that included the Panama Canal and the Panama Pacifico economic zone to observe economic activities in Panama. He noted that the UAE and Panama represent two pivotal trading platforms that support the free trade system and are working together to bolster the resilience of global supply chains. Furthermore, figures indicate that non-oil trade between the two countries has seen significant growth, reflecting the success of these burgeoning relations.
The commitment of the UAE and Panama to enhance trade and support supply chains is an important step towards achieving sustainable development goals. It is evident that the ongoing cooperation between the two countries will benefit their economies, contributing to economic growth and stability in the region.