UAE and Armenia to boost trade?relations

Shaikha Lubna Al Qasimi, UAE Minister of Foreign Trade, has held talks in Abu Dhabi with Armen Gevorkyan, Vice Prime Minister of the Republic of Armenia, and his accompanying delegation on strengthening economic and investment relations between the UAE and Armenia and promoting joint investments in various fields. The meeting also centered on the need to explore new horizons for investors from both the UAE and Armenia in order to better utilize the strong bilateral relations and signed economic agreements the two countries enjoy. During the meeting, Shaikha Lubna said that the UAE is witnessing rapid growth in various fields, which is in turn having its positive impact on the country’s trade exchange, placing it at unprecedented positions in trade and investment indices, which is in line, she added, with the government strategies and goals that that were put in place to strengthen the UAE’s standing in the global trade map. Shaikha Lubna invited Armenian companies to invest in the UAE and benefit from its available opportunities, especially with regards to making it their entry point into many neighboring regional markets The UAE is geographically and strategically well positioned as a transit trade hub between east and west and that it has flexible investment and economic legislations and excellent incentives and advantages such as its modern infrastructure, high consumption and income rates, advanced logistical support and the presence of a sophisticated and wide spanning air, land and maritime network that adopts the best global?standards, added Lubna.?