Page 159 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

The MoU aims to strengthen bilateral trade relations and establish a joint economic committee to
facilitate ongoing dialogue and collaboration. It will explore collaboration in various sectors,
including trade and investment, energy efficiency, renewable energy, infrastructure development,
the digital and green economy, supply chain resilience, food security, healthcare technology, and
other areas of shared interest. The key points of the MoU include developing and diversifying
economic and technical cooperation founded on shared values of equality and mutual benefit.

The committee will promote business delegation visits, facilitate the exchange of information on
economic developments and programmes, and strive to create a favorable two-way investment
climate. Additionally, the MoU encourage both parties to engage and foster collaboration at
international exhibitions, conferences, and seminars. and addressing any obstacles hindering
bilateral economic cooperation.

Al Zeyoudi remarked, “The relationship between the UAE and Ireland is one of mutual respect and
shared ambition. With a foundation built on trade and cooperation, we are well-positioned to
explore new avenues for investment and collaboration. The signing of this MoU is a testament to our
commitment to enhancing bilateral relations and unlocking the significant potential that exists
between our two countries.”

Smyth said: “The Joint Economic Commission will give a new forum for further collaboration in
areas such as trade and investment, aviation, education and research, renewable energy and green
technology, healthcare and life sciences. Once fully established, it will serve as a vehicle to
enhance internal cooperation and coordination, strengthening Ireland’s partnership with one of the
most dynamic economies in the world, and one with huge potential for increased bilateral trade
and investment.”

She concluded that growth in UAE-Ireland relations would not have been possible without the State
Agencies of each side, Enterprise Ireland, Bord Bia, the IDA, and Tourism Ireland, who “work
tirelessly to promote Ireland here in the UAE,” she said, adding that “through these collective
efforts, the bilateral relationship has reached truly remarkable heights.”

With over 1,000 Irish trademarks registered in the UAE, including notable companies like Stripe and
Kentech Group, there is a clear indication of growing economic ties. Previous collaborations, such
as the MoU between Dubai’s Roads and Transport Authority (RTA) and Enterprise Ireland, highlight
the importance and mutual benefit of increased trade and connectivity.

The establishment of the committee is expected to serve as a vital institutional framework for
enhancing economic dialogue and cooperation, enabling both countries to develop programs and
initiatives that further strengthen their partnership and promote sustainable economic growth. With
non-oil trade between the UAE and Ireland reaching $1.1 billion in 2024 up from $694 million in
2019, this collaboration aims to elevate trade exchanges to new heights that reflect the many
opportunities of mutual benefit available in both countries.

https://www.khaleejtimes.com/business/uae-ireland-sign-mou-to-enhance-economic-and-
technical-cooperation