Page 391 - MOE ENGLISH PR - MAY 2024

5/28/24, 1:06 PM Bin Touq meets with New York City Mayor to explore boosting cooperation
Bin Touq said that the UAE and the USA enjoy robust and advanced strategic ties across various domains,

particularly in the economic and investment sectors. He attributed this to the directives and vision of both
leaderships and highlighted the two countries’ shared aspirations to embrace innovative and adaptable

economic models.

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. These efforts will create new avenues for growth,
particularly considering the promising and diverse opportunities and enablers available in the markets of

both countries. 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.

The Minister of Economy apprised Mayor Adams of the trade and investment initiatives implemented by the

UAE under the ‘Projects of the 50’ and the UAE Centennial Plan 2071. These initiatives are designed to
bolster the country's standing in the global economy by offering attractive investment incentives within the

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