UAE, Australia launch business council to deepen bilateral trade, investment

UAE, Australia launch business council to deepen bilateral trade, investment

SYDNEY — Australian Prime Minister Scott Morrison officially launched in Sydney the first-ever Australia-United Arab Emirates Business Council aimed at deepening bilateral trade and investment and expanding opportunities for Australian and UAE businesses.

UAE Minister of State for Foreign Affairs Dr. Anwar Gargash followed the Australian Prime Minister in welcoming the launch of the council.

"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, Christopher Pyne, and