The UAE has become an attractive and safe haven for investments in the region due to its business-friendly environment, flexible legislative framework and modern infrastructure, said Peter Mihok, Chair of the World Chambers Federation, WCF, part of the International Chamber of Commerce, ICC.

The Paris-based federation is interested to enhance communications and co-operation to create a business community that supports development goals, he indicated.

Mihok was speaking at a meeting with Mohammed Ahmed bin Abdulaziz Al-Shehi, Under-Secretary for Economic Affairs, Ministry of Economy, to discuss ways to increase joint co-ordination and co-operation and share experiences and experiments.

Al-Shehi said there were avenues of potential co-operation and co-ordination between the UAE and the WCF in the area of best practices.

He hailed the role of the federation in creating an environment that stimulates and encourages businesses to thrive and prosper A non-political and non-governmental body, the WCF is the backbone of the ICC community, uniting the global network of 12,000 chambers and their business communities. From managing the ATA Carnet System, which allows for duty-free and tax-free temporary import of goods, to the International Certificate of Origin Accreditation Chain, the WCF offers a wide range of products and services to help chambers deliver the best possible services to their respective members.

The WCF also provides a platform for chamber leaders to communicate and collaborate with each other on matters of mutual interests and helps establish beneficial partnerships.