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highlighted the importance of cooperation in economic affairs that support the transition towards
a digital economy and combat financial crimes.

Bin Touq reiterated the UAE's vision to improve economic openness and forge productive
partnerships with international markets. He underscored the UAE's role in supporting major
economic blocs shaping the global landscape. The UAE's competitive standing is bolstered by
its connections to over 400 cities worldwide through direct routes and its extensive shipping line
network spanning 88 ports globally.

The Minister of Economy informed Mayor Adams about trade and investment initiatives under
the ‘Projects of the 50’ and the UAE Centennial Plan 2071. These initiatives aim to enhance the
UAE's position in the global economy by offering attractive investment incentives within its
thriving economic landscape.

The comprehensive development of economic legislation includes granting 100 per cent foreign
ownership of companies, flexible tax policies, and simplified processes for establishing
businesses. These measures further cement the UAE's status as a global hub for business and
investment.

https://www.onearabia.me/local/uae-usa-economic-cooperation-expansion-011-36251.html