Page 415 - MOE ENGLISH PR - MAY 2024

5/28/24, 1:09 PM UAE's Minister of Economy Bin Touq meets NYC mayor to boost cooperation
Bin Touq said that the UAE and the US 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.

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