USA financial news

Joint Assertion on the Eighth U.S.-UAE Financial Coverage Dialogue

The Eighth U.S.-UAE Financial Coverage Dialogue on June 8 was co-chaired by the UAE Ministry of International Affairs and Worldwide Cooperation’s Assistant Minister for Financial and Commerce Affairs HE Abdulnasser Alshaali and Performing Assistant Secretary of State for Financial and Enterprise Affairs Peter Haas to additional develop bilateral ties and solidify the financial partnership between the 2 nations.  The dialogue was opened by Ambassador Marcia Bernicat, Senior Official for Financial Progress, Vitality, and the Setting, and Performing Assistant Secretary of State for Close to Jap Affairs Joey Hood.  The Deputy Chief of Mission of the UAE Embassy to the United States Shaima Gargash additionally participated together with quite a few officers from each governments. 

Through the discussions, each nations reaffirmed their want to broaden engagement and pursue new well being analysis, area program, environmental, and business alternatives.  Regardless of the challenges embodied by the present international well being scenario, either side applauded the convening of the occasion with vital in-person participation and emphasised their shared dedication to take care of open and common communication.

The two delegations confirmed that the U.S.-UAE financial relationship stays shut and constructive, with the UAE sustaining its place as the US’ largest buying and selling associate within the Center East and North Africa for the twelfth yr in a row.  They highlighted quite a few achievements with respect to ladies’s financial empowerment, cooperation on financial and social improvement initiatives, the effectiveness of anti-money laundering and the counter-financing of terrorism insurance policies, enhancements in mental property protections, and optimistic developments within the funding local weather.  In addition they recommended the historic signing of the Abraham Accords in September 2020.  

America and the UAE additionally dedicated to exploring new and increasing current cooperation in a variety of areas, together with, local weather change and the surroundings, international well being safety and well being care analysis, area, the digital financial system and rising applied sciences, the prevention of economic crime, and ladies’s financial empowerment.  Upon conclusion of the assembly, the U.S. and the UAE delegations reiterated their want to work intently and collaboratively in selling bilateral cooperation, figuring out avenues for regional partnerships, and in search of new alternatives for optimistic engagement. 

In 2012, the UAE and United States partnered to kind the Financial Coverage Dialogue, which serves as an annual platform for each governments to advertise bilateral commerce and funding and to facilitate a extra cooperative enterprise surroundings. 

Lamiyae Jbari
[email protected]  
202 243 2464

SOURCE Embassy of the United Arab Emirates

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