UAE AND ARMENIA TO BOOST TRADE RELATIONS
Khaleej Times (United Arab Emirates)
November 6, 2012 Tuesday
ABU DHABI – Shaikha Lubna Al Qasimi, UAE Minister of Foreign Trade,
has held talks in Abu Dhabi with Armen Gevorkyan, Vice Prime Minister
of the Republic of Armenia, and his accompanying delegation on
strengthening economic and investment relations between the UAE and
Armenia and promoting joint investments in various fields.
The meeting also centered on the need to explore new horizons for
investors from both the UAE and Armenia in order to better utilize
the strong bilateral relations and signed economic agreements the
two countries enjoy.
During the meeting, Shaikha Lubna said that the UAE is witnessing
rapid growth in various fields, which is in turn having its positive
impact on the country’s trade exchange, placing it at unprecedented
positions in trade and investment indices, which is in line, she added,
with the government strategies and goals that that were put in place
to strengthen the UAE’s standing in the global trade map.
Shaikha Lubna invited Armenian companies to invest in the UAE and
benefit from its available opportunities, especially with regards to
making it their entry point into many neighboring regional markets
The UAE is geographically and strategically well positioned as a
transit trade hub between east and west and that it has flexible
investment and economic legislations and excellent incentives and
advantages such as its modern infrastructure, high consumption and
income rates, advanced logistical support and the presence of a
sophisticated and wide spanning air, land and maritime network that
adopts the best globalâ~@¨standards, added Lubna.