Page 903 - MOE ENGLISH PR - MAY 2024

5/10/24, 2:29 PM PRESSR: UAE and Iran hold first session of Joint Economic Committee to promote cooperation in new economy sectors, tourism, …
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.

H.E. 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.

H.E. 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 introduction of self-employment and green residency

pathways to enhance the country’s attractiveness to talent,

investors, employers and businesses. He also reviewed the

promulgation and introduction of new federal laws, including those

concerning family businesses, commercial agencies, cooperatives

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