Sunday, September 3, 2023

UAE and Brazil Forge Economic Partnership


UAE and Brazil Launch Partnership to Exchange Knowledge and Expertise in Economic Fields

The United Arab Emirates (UAE) and Brazil have recently announced a partnership aimed at exchanging knowledge and expertise in economic fields. This collaboration is part of a Government Experience Exchange Program, which seeks to enhance cooperation between the two countries. The partnership was unveiled during a visit by a Brazilian official delegation, led by Alexandre Cordeiro Macedo, president of the Administrative Council for Economic Defense (CADE), to the UAE.

CADE is an independent body under Brazil’s Ministry of Justice that is responsible for investigating competition matters and promoting a competitive culture in the country. The UAE Ministry of Economy expressed its enthusiasm for the partnership, stating that it will enable both countries to learn from each other’s best government practices and highlight investment opportunities for businesses. The ultimate goal is to achieve significant growth in economic and trade cooperation between the UAE and Brazil.

Abdulla Nasser Lootah, deputy minister of cabinet affairs for competitiveness and knowledge exchange, emphasized the UAE’s eagerness to form partnerships with governments worldwide, highlighting Brazil’s importance as a key player in the global economy. Macedo also acknowledged the significance of the partnership, stating that it represents a milestone in the development of competition policy and international cooperation between the two nations.

During the visit, the Brazilian delegation had the opportunity to learn about the UAE’s experience in developing government services and innovative solutions for customers. Mohamed Bin Taliah, chief of government services, briefed the delegation on the UAE’s achievements in this area. Additionally, the delegation met with Mohamed Al-Sharhan, managing director of the World Government Summit Organization, to understand the role of the summit in shaping the future through idea exchange and innovation among leading governments.

To further enhance their collaboration, the UAE Ministry of Economy organized an intensive workshop where both sides explored best practices in key areas of economic policy and strategy. These areas included foreign trade, investment, economic development, intellectual property, anti-money laundering, and competition. The workshop also focused on consumer protection, commercial control, and commercial agencies in the UAE. The ministry provided insights into the structure and operations of the Small and Medium Enterprises Development Department and shared best practices for national economic clusters.

This partnership between the UAE and Brazil signifies their commitment to fostering economic growth and cooperation. By exchanging knowledge and expertise, both countries can benefit from each other’s experiences and enhance their economic policies and strategies. The collaboration also opens up new avenues for investment and trade opportunities, which will contribute to the overall development of both nations.

In conclusion, the UAE and Brazil have launched a partnership to exchange knowledge and expertise in economic fields. This collaboration aims to promote economic growth, highlight investment opportunities, and enhance government practices. By leveraging each other’s strengths, the UAE and Brazil can achieve significant advancements in their economic and trade cooperation. This partnership serves as a testament to the UAE’s commitment to forming strategic alliances with governments worldwide and Brazil’s importance as a key player in the global economy.

Latest stories