Page 164 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/18/25, 11:28 AM UAE, Ireland sign pact to establish Joint Economic Commission – The Gulf Time Newspaper
UAE, Ireland sign pact to establish Joint Economic

Commission

ABU DHABI/WAM

Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, and Niamh Smyth, Ireland Minister for Trade Promotion, AI and
Digital Transformation, signed a memorandum of understanding (MoU) aimed at enhancing economic and technical
cooperation and the establishment of a Joint Economic Commission between the United Arab Emirates and Ireland.
The signing is part of a broader effort to drive mutual economic growth and increase private sector engagement between the
two nations.
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 Joint Economic Committee will promote business delegation visits, facilitate the exchange of information on economic

developments and programs, 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.
Dr Thani 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.”
Niamh Smyth highlighted the warm reception received from Dr Thani Al Zeyoudi and his team as a reflection of the friendship
that has grown between Ireland and the UAE, adding the significance of signing the agreement as the two nations mark 50
years of diplomatic relations.
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

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