MOU Seeks to Expand Cooperation with UAE Private Sector
Tuesday, March 31, 2015
WASHINGTON, D.C.—The U.S. Chamber of Commerce today took steps to enhance business and investment opportunities between the United States and the United Arab Emirates (UAE). At a ceremony during the Dubai Annual Investment Meeting, U.S. Chamber Vice President for Middle East Affairs Khush Choksy signed a Memorandum of Understanding (MOU) with the Federation of UAE Chamber of Commerce and Industry, reaffirming the organizations’ joint commitment to improving trade, industrial, and other ties.
“The U.S. Chamber is increasingly focused on the vital UAE market as a strategic partner in the region,” Choksy said. “Formally establishing this relationship with the UAE Federation of Chambers will enable us to expand our efforts on behalf of American businesses and find new opportunities for collaboration and economic advancement.”
Seeking to promote cooperation in trade, investment, technology transfer, services, and industry between the U.S. and UAE business communities, the MOU outlines strategic partnerships and steps each organization will take to further their economic goals. It is effective immediately.
“The UAE is the largest export market in the Middle East for U.S. goods and more than a thousand U.S. businesses have a presence there,” Choksy continued. “This agreement is a commitment to further explore economic opportunities for both the U.S. and UAE business communities. The Chamber looks forward to continuing to work with the UAE Federation of Chambers to deepen this relationship for the benefit of our members and overall economic growth.”
International trade and investment are key components of the Chamber’s 2015 American Jobs, Growth, and Opportunity Agenda, an ambitious plan to help revitalize the American economy, create jobs, spur growth, and lift incomes.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.