Page 557 - MOET ENGLISH PR REPORT - JULY 2025

7/10/25, 3:51 PM UAE and Cuba hold first session of their Joint Economic Committee to enhance cooperation in trade, investment, infrastructure, cre…
Promoting investment opportunities in both markets:

The UAE and Cuba reaffirmed their shared commitment to increasing trade flows and
investment exchanges between Emirati and Cuban business communities. This also includes

exploring opportunities in advanced economic sectors biotechnology, healthcare services,
renewable energy, tourism, agriculture, and manufacturing. Both parties proposed hosting joint
meetings, seminars, and workshops involving investors, investment promotion agencies, and

investment firms to facilitate investment in priority sectors and leverage the incentives offered

by both countries.

Entrepreneurship and Start-ups:

Both nations emphasised the importance of advancing economic cooperation through the

development of partnerships in the entrepreneurship and start-up ecosystem. This aims to
accelerate the growth of small and medium-sized enterprises (SMEs), increase their

investments, support their international expansion, and increase their contribution to national
GDPs.

Food Security and Agriculture:

Food security and agricultural cooperation were identified as key priorities. The two sides
agreed to enhance trade in food commodities and agricultural products, and collaborate on

sustainable farming practices, food processing, and agricultural technology in the coming
period.

Tourism:

The UAE and Cuba underscored the potential of tourism as a pillar of bilateral relations. They
highlighted organising joint tourism exhibitions, events, and conferences in the coming period
to showcase the two countries’ major tourist attractions and historical landmarks. The

cooperation will also involve sharing expertise on tourism development, compilation of tourism
statistics, and digital innovations and technologies to enhance sector competitiveness.

UAE-Cuba Trade and Investment Exchanges:

Non-oil trade between the UAE and Cuba continues to gain momentum, surpassing USD 39.1

million in 2024, indicating an increase of over 2 per cent from 2023 and 46.4 per cent growth
compared to 2022. In Q1 2025 alone, bilateral non-oil trade grew by 5.6 per cent compared to

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