UAE-Czech Business Forum convened to discuss enhancing joint cooperation, exploring additional trade and investment opportunities

UAE-Czech Business Forum convened to discuss enhancing joint cooperation, exploring additional trade and investment opportunities

PRAGUE, 28th May, 2023 (WAM) -- In the presence of Ahmed Ali Al Sayegh, Minister of State, and Petr Fiala, Prime Minister of the Czech Republic, the UAE-Czech Business Forum was held to discuss enhancing cooperation in wide-ranging vital sectors of common interest and explore additional opportunities for trade and investment between the two countries.

The forum was convened as part of the visit of a high-level UAE delegation led by Al Sayegh to the Czech Republic with the aim of expanding bilateral cooperation in numerous fields to fulfil the aspirations of the two countries and peoples. The visit saw the signing of an Agreement on the Avoidance of Double Taxation.

Al Sayegh praised the depth of UAE-Czech economic relations, highlighting the UAE’s status as one of the largest economic partners to the Czech Republic, as non-oil trade exchange exceeded US$ 1 billion in 2022. He also noted the marked growth in Czech investment in the UAE.

Al Sayegh added, “The convening of the UAE-Czech Business Forum reflects the ever-expanding bilateral relations between the UAE and the

Czech Republic, particularly in economic sectors, which have experienced significant growth recently in the wake of the signing of the agreement for economic, commercial, and technical collaboration