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5/6/24, 9:03 AM PRESSR: H.E. Bin Touq meets with Secretary-General of ASEAN — TradingView News
economic sectors, stimulating capital flows and promoting dialogue

at the private sector level.

The Minister of Economy said: "We see the ASEAN private sector as a

key player in the UAE's business and economic environment.

Therefore, the meeting served as an important platform for

exchanging views and exploring opportunities for cooperation in

priority sectors, supporting the creation of new pathways for

stronger economic ties."

The meeting discussed ways to enhance cooperation in support of

sustainable tourism development, as well as opportunities and

potential in different sectors and tourism activities on both markets,

and the importance of joint action in increasing mutual tourism

flows and the number of flights between the two sides.

H.E. Bin Touq highlighted the UAE’s efforts in supporting the Belt

and Road Initiative since its launch in 2013 through the country’s

development potential, strategic position linking the East and the

West and a USD 10 billion investment into the joint UAE-Chinese

investment fund to support the initiative's projects in East Africa. It

has also signed 13 MoUs with China in 2018 for multiple investments

in the UAE, enhancing the prospects for economic cooperation

between the UAE and ASEAN countries, especially as it shares its

land borders with China and many of the initiative’s member states.

Furthermore, H.E. Bin Touq briefed the ASEAN Secretary-General on

the economic developments in the UAE business environment,

including the amendments made to the Commercial Companies Law

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