Posted: 20.06.2022 10:17:00

EEC and UAE signed memorandum on co-operation

The Chairman of the EEC Board, Mikhail Myasnikovich, and the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Omar bin Sultan Al Olama, signed a memorandum on co-operation between the Eurasian Economic Commission and the United Arab Emirates’ Government – as reported by the EEC official website

According to Mr. Myasnikovich, the EAEU views the UAE as one of the most promising partners for trade and economic co-operation in the Middle East, “We express our gratitude to the Emirati side for a high pace and quality of our joint work. I believe that the decisions taken today will contribute to increasing trade and economic co-operation between the EAEU and the United Arab Emirates.”

The memorandum reads that its purpose is to increase the volume of mutual trade and to implement the measures aimed at removing barriers. The sides plan to liaise in the areas of customs and technical regulation, application of sanitary, veterinary-sanitary and quarantine phytosanitary measures, financial markets, transport, industry and agro-industrial complex, competition policy and antimonopoly regulation, intellectual property, and others.

During the signing ceremony, Mr. Myasnikovich also appreciated the sides’ joint work on possible conclusion of a preferential trade agreement.