UAE reiterates support for joint efforts to ensure economic & social stability of Arab people

UAE reiterates support for joint efforts to ensure economic & social stability of Arab people

Abu Dhabi: H.E. Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation at the Arab League Economic and Social Council meeting, which took place yesterday May 15, 2023, in Riyadh, KSA, ahead of the 32nd Arab League Summit scheduled to be held on May 19.

H.E. Bin Touq said: “The strengthening of cooperation at the Arab level is a priority that falls in line with the UAE's firm commitment to ensuring the interests of Arab peoples. The UAE will continue working towards enhancing their economic and social stability and well-being in a sustainable manner, in implementation of our wise leadership’s directives.”

The Minister of Economy added: “We are keen to strengthen the economic integration frameworks among Arab nations and adopt more open and accommodating policies including the establishment of a single customs union. It will help boost exports imports movement and drive trade exchanges among Arab countries within the framework of the Greater Arab Free Trade Area (GAFTA). It aims to stimulate joint investment ventures that can create thousands of jobs that support the growth and sustainability of Arab economies.”

“The Arab region boasts a strategic geographic location, at the heart of global trade movement, and serves as a vital