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  • KITA Signed MOU with UAE Chambers of Commerce & Industry for Mutual Economic and Trade Cooperation
    2020-10-28 hit 383

    KITA Signed MOU with UAE Chambers of Commerce & Industry for Mutual Economic and Trade Cooperation

     

    - Agreed to work together to hold international forums and business conferences, resolve the difficulties of the companies that have entered into the regions, and exchange trade and investment information between the two countries -

     

    The Korea International Trade Association (Chairman: Kim Young-ju) and the Federation of UAE Chambers of Commerce and Industry signed a Memorendum of Understanding (MOU) for mutual economic and trade cooperation on October 27th at COEX in Samseong-dong. 

     

    The signing ceremony was held online and Vice Chairman Han Jin-hyun of the Korea International Trade Association and Secretary General Humaid Ben Salem of the Federation of UAE Chambers of Commerce and Industry signed the MOU as the representative of each organization.

     

    Vice Chairman Han Jin-hyun of KITA said, “UAE is the only country in the Middle East region which Korea has had a special strategic partnership with since 2018, and this year marks the 40th anniversary of the two countries’ diplomatic ties,” and also added, “The two countries are making efforts to normalize their trade businesses by establishing the fast track system for business people in August while the companies in both countries are undergoing unprecedented adversity due to COVID-19. We will take the lead in revitalizing private exchanges through this MOU.”

     

    The UAE Federal Chamber of Commerce and Industry is a representative economic organization that encompasses seven Emirate Chambers of Commerce in the UAE, including Abu Dhabi and Dubai. In the future, the two organizations agreed to cooperate in joint business events such as international forums, policy seminars, and business conferences, recommendations to the governments to resolve the difficulties of the companies that have entered into the regions, exchange of trade and investment information between the two countries, and mediation of corporate disputes.


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