Page 40 - MOE ENGLISH PR REPORT - JUNE 2024

Press Release

The Committee also discussed a range of new mechanisms for increasing trade flows between the
two countries and supporting cooperation at the governmental and private sector levels. It
underlined the key role of the private sector in promoting economic cooperation between the two
countries and the importance of providing all means of support to exporters and importers to
facilitate greater exchange and diversification of goods and services. To this end, new channels of
communication between the UAE and Czech business communities will be explored.

SMEs and startups

The UAE and Czech Republic agreed to provide programs and enablers that would accelerate the
growth of startups in the markets of the two countries, increase their investments and access to new
markets, as well as encourage SMEs and entrepreneurs to invest in the new economy sectors. This
will help enhance the sector’s contribution to the GDP of both countries.

Food security and agriculture

The two sides expressed their interest in strengthening cooperation in the field of food security and
agriculture through increased trade in food commodities and agricultural products during the next
phase.

Tourism

The UAE and Czech Republic emphasized the importance of organizing joint tourism exhibitions,
events, and conferences in the future to promote the main tourism and historical attractions in the
two countries and fully capitalize on their tourism capabilities to attract more tourists from all over
the world.

Air traffic between the two countries is also witnessing continuous growth as the number of
monthly flights between them, operated by the UAE’s national carriers, now exceeds 60.

Industry and Innovation

The two sides underscored the importance of strengthening cooperation and exchanging expertise
and best practices in industry, innovation, advanced technology, and renewable energy sectors,
encouraging the private sector to invest and explore opportunities in such vital sectors.

MoU between the Ministry of Industry and Advanced Technology and the Czech Office for
Standards

The Ministry of Industry and Advanced Technology signed a cooperation agreement with the
Czech Office for Standards, Metrology, and Testing of the Ministry of Industry and Trade of the
Czech Republic. The agreement will facilitate the exchange of expertise and knowledge in
conformity assessment, certification systems, and metrology, and the hosting of joint workshops,

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