UAE, Australia Establish Council to Boost Trade, Investment Opportunities

UAE, Australia Establish Council to Boost Trade, Investment Opportunities

Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, followed the Australian Prime Minister Scott Morrison in welcoming the launch of the Business Council, reported Emirates news agency Wam.

"Since the establishment of diplomatic relations in 1975, the UAE and Australia have been bound together by strong and longstanding ties, ranging from trade, tourism, investment, and culture, to people-to-people contacts, ultimately leading to a mutual benefit for both our nations," said Dr Anwar Gargash in a video message.

"I would like to welcome the decision to inaugurate this Business Council despite the pandemic. I truly believe that this Council will accelerate the growth of our economic cooperation in the years to come, as well as enhance investment and trade exchange," he added.

The launch was also attended by the UAE Ambassador to Australia, Abdulla Al Subousi, the Australian co-chair, the Hon Christopher Pyne, and the UAE co-chair, Badr Al-Olama, who provided a video message of support from the UAE.

Australian Co-Chair Pyne said that the establishment of the business council was long overdue for the two nations.

"I was surprised to learn during my time in politics that there has never been a business council before between Australia and the UAE. Our countries