Abu Dhabi, 23 December 2021 (TDI): Philippines and UAE look forward to strengthening trade ties between the two countries after the recent visit of Philippine Trade and Industry Secretary Ramon M. Lopez to UAE.

Philippines’ Ambassador to UAE was very confident in expressing the prospects for Philippines-UAE trade ties. Secretary Ramon’s visit provided an impetus to help the Embassy’s efforts to boost economic ties with the UAE.

Amb. Quintana also forecasts the gains from this visit that reinforces Philippines-UAE bilateral relations further.

Visit of Secretary Lopez to UAE

Earlier, the Secretary visited UAE from 5 to 11 December this year. He was invited by the Dubai Chamber of Commerce and Industry for the Global Business Forum ASEAN. Moreover, He was the high-level panelist at the Forum.

During the visit, the Secretary attended a meeting with his UAE Ministerial counterparts on 08 December 2021. Ambassador Quintana also joined the meeting.

Briefing about the meeting, the Ambassador noted that high-level exchanges at the sidelines of the GBF. It was held at the Dubai Exhibition Center at the World Expo.

Secretary Lopez also found an opportunity to hold bilateral talks with the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi.

Following the meeting, together with the Minister of State for Foreign Trade and Minister of State responsible for economic and trade affairs in the UAE Foreign Ministry, Ahmed bin Ali Al Sayegh, He expressed mutual commitment to work towards strengthening economic and trade ties between the two countries. She noted that such a deal would give a significant boost to the Philippines’ agriculture, food, consumer items, electrical and industrial products, and services sectors.

They had also shown finalize bilateral arrangements such as the Agreement for the Promotion and Reciprocal Protection of Investment.

Earlier the chambers of commerce and industry of Dubai and the Philippines signed a Memorandum of Understanding. The MOU was the highlight of Philippine President Gloria Arroyo’s visit to Dubai.