Page 541 - MOE ENGLISH PR REPORT - AUGUST 2024

8/14/24, 2:51 PM UAE and Azerbaijan to organize joint tourism exhibitions and events – Tourism Breaking News
business environment, which facilitate the establishment and launch of new ventures. He noted that the recent updates made
to various legislations, including the family businesses law, commercial agencies, cooperatives, and trade through modern
technology means, have contributed to ensuring a more supportive business climate. Furthermore, he emphasized the UAE’s

commitment to driving sustainable economic growth through promoting circular economy, particularly highlighting the ‘UAE
Circular Economy Agenda 2031.’ The agenda is key to enhancing sustainability in the country’s development journey through
the next decade.

In detail, both parties agreed to establish joint work teams consisting of members from relevant entities from both sides to
explore further opportunities for economic collaboration in priority sectors at both government and private sector levels. They
will also provide comprehensive support for exporters and importers to facilitate and enhance the exchange of goods and
services, as well as to diversify them. This is particularly significant given that the UAE serves as a vital trade gateway,
facilitating the movement of Azerbaijani exports to regional markets. The meeting also explored promising investment

opportunities in the food and manufacturing industries and sought to create new communication channels between the two
business communities.

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