The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, in collaboration with the Ministry of Economy, held a workshop aimed at informing the business councils affiliated with the chamber about the benefits and terms of the comprehensive economic partnership agreements established by the UAE.
According to a press release issued today, the workshop, which included participation from leaders and members of business councils, focused on the role of these comprehensive economic partnership agreements in enhancing promising trade and investment opportunities for the local private sector, broadening the horizons for the exchange of goods and services, and increasing opportunities for export and re-export.
The session also addressed how various economic sectors could benefit from these agreements and how they contribute to the development of business operations.
During the workshop, the terms of the agreements were reviewed, highlighting their role in strengthening the country’s position as a key gateway for trade and logistics services. The advantages of these agreements were explained, which include improved access to global markets, reduction or elimination of tariff rates, streamlining customs procedures, providing clear and transparent regulations, as well as promoting competition based on fair trade.
Maha Al-Qarqawi, Deputy Chief of Business Community Support Sector in Dubai Chambers, emphasized the importance of empowering and supporting members of business councils to take advantage of promising investment opportunities, thereby enhancing the capacity of the private sector to grow and expand both locally and globally. She noted that this workshop is part of ongoing efforts to raise awareness among the business community about the significance and roles of comprehensive economic partnership agreements, which are a strategic lever for enhancing the competitiveness of the national economy and improving cross-border trade and investment.