Page 863 - MOE ENGLISH PR - MAY 2024

5/10/24, 2:26 PM UAE, Iran hold first session of Joint Economic Committee
The session, which was attended by several government officials from both sides,
explored the strengthening of cooperation in many economic sectors of mutual interest.

These include the new economy, tourism, transport, entrepreneurship, energy and

renewable energy, SMEs, innovation, logistics, agriculture and environment. The meeting
also discussed the means to support joint efforts needed to elevate bilateral economic

relations to new heights.

Bin Touq noted that the UAE-Iran economic partnership continues to grow across various
fields, serving as one of the key pillars supporting the bilateral ties. The UAE is keen to

expand the scope of the economic and trade cooperation with Iran to more areas of
shared interest, he said.

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He stated, "The convening of the first session of the UAE-Iran JEC reflects our shared

aspirations to solidify existing economic ties and expand them to the future sectors. These

efforts are in line with the UAE wise leadership’s vision to strengthen the country’s bilateral
cooperation with global partners.”

Moreover, the Minister of Economy apprised the Iranian delegation of the economic

developments witnessed by the UAE’s business environment over the recent years. Most
notably, these include the amendments made to the Commercial Companies Law to allow

100 per cent foreign ownership, modernization of visa and residency systems and

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