Page 388 - MOE ENGLISH PR - MAY 2024

During the meeting, Bin Touq emphasised that both countries possess
significant economic resources and potential, as well as a strategic
geographical location that facilitates access to numerous strategic markets at

the regional and global levels. The economic relations between the UAE and
the state of New York are also continuously evolving, and there is a strong
commitment to further exploring cooperation in new and key economic sectors
to foster sustainable partnerships that support the shared interests and goals
of both parties.

He underscored that the meeting marks a significant milestone in
strengthening joint efforts to explore emerging opportunities and expand the
scope of existing cooperation.

The meeting explored the potential for enhancing economic relations and
fostering better communication between the UAE and the American private
sector. Furthermore, they highlighted the significance of enhancing
cooperation in economic affairs that facilitate the transition towards a digital

economy and combat financial crimes, in line with the economic policies of
both nations.

Bin Touq emphasised the UAE's vision to improve economic openness and
forge productive partnerships with international markets. He highlighted the
UAE's crucial role in supporting major economic blocs that are shaping the
global economic landscape.

This is particularly facilitated by the UAE's standing as a competitive economic
hub, which is connected to over 400 cities around the world through direct
routes.

Additionally, the UAE has the largest shipping line network that spans 88 ports
globally and benefits from its strategic location as a link between the East and
West.

UAE Centennial Plan 2071

The Minister of Economy apprised Mayor Adams of the trade and investment

https://en.aletihad.ae/news/business/4488107/bin-touq-meets-with-new-york-city-mayor-to-
explore-boosting