Page 43 - MOE ENGLISH PR REPORT - JUNE 2024

Press Release

During its participation in the third ministerial meeting of the Negotiating
Committee of the COMCEC System of Trade Preferential

UAE affirms readiness to cooperate and offer its commercial

capabilities to support OIC’s economic objectives

Abu Dhabi, 13 June 2024

The UAE participated in the third ministerial meeting of the Trade Negotiations
Committee of the Trade Preferential System of the Organization of Islamic

Cooperation (COMCEC). Hosted by the Republic of Turkey, the meeting aimed to
strengthen trade and economic cooperation mechanisms and expand the Trade
Preferential System among OIC member countries.

During his speech at the meeting, His Excellency Juma Al Kait, Assistant
Undersecretary for Foreign Trade Affairs at the Ministry of Economy, underscored
the UAE’s commitment to enhancing economic and trade cooperation with OIC

member states. Recognizing the significance of economic integration and the
development of a cohesive trading network among member states, His Excellency
highlighted that these efforts are in accordance with the OIC Charter’s objective of

enhancing intra-trade performance.

Juma Mohammed Al Kait expressed the willingness of the UAE to collaborate, share

experiences, and establish sustainable partnerships with all member countries as well
as leverage the country’s commercial capabilities to support the Organization’s
objectives. The UAE’s strategic geographical location positions it as a pivotal and

influential participant in global trade, supported by advanced infrastructure and
technology.
Juma Mohammed Al Kait further highlighted the importance of operationalizing
trade cooperation mechanisms and enhancing trade transparency among member

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