The Ministries of Economy and Tourism, and Foreign Trade and Investment of the Republic of Cuba convened the inaugural session of the Joint Economic Committee in Dubai. This initiative aims to explore investment opportunities and strengthen economic cooperation across various sectors of mutual interest.
Key areas of focus include trade, investment, energy, renewable energy, agriculture, food security, infrastructure, transport, logistics services, creative industries, culture, health, tourism, and biotechnology and pharmaceuticals, along with fostering partnerships in both the public and private sectors.
The meeting was led by Abdullah Ahmed Al Saleh, Undersecretary of the Ministry, and Carlos Luis Jorge Mendez, First Deputy Minister of Foreign Trade and Foreign Investment of Cuba. This committee is a product of the trade, economic, and technical cooperation agreement signed between the two nations.
Present at the meeting were Haza’a Ahmed Al Kaabi, the UAE Ambassador to Cuba, Norberto Escalona Carrillo, the Cuban Ambassador to the UAE, and various government officials from both sides.
Abdullah Al Saleh emphasized the continuously evolving bilateral relations between the UAE and Cuba, particularly in economic and trade spheres, owing to the visionary leadership of both countries in promoting these ties for mutual growth and prosperity.
He remarked that the first session of the Joint Economic Committee represents a significant step towards bolstering economic and investment relations in the forthcoming phase, expanding collaboration across various sectors of shared interest, and enhancing communication between the UAE and Cuban business communities, while also identifying promising opportunities within both markets to support the national objectives of the ‘We are the UAE 2031’ vision.
Both parties agreed on establishing a collaborative framework to monitor the implementation of all outputs from the committee, which will outline the roadmap for economic and trade cooperation in the upcoming period, promoting further growth and prosperity.
Moreover, the two sides reaffirmed their commitment to enhance bilateral efforts in organizing joint business forums and economic events, as well as facilitating trade delegations, to create new opportunities that will strengthen the growing trade relations between the two countries.