Emirates News Agency – UAE and Botswana discuss opening new paths to enhance cooperation and economic partnership

DUBAI, 10th October / WAM / His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a bilateral meeting on the sidelines of the Expo 2020 Dubai, with His Excellency Mamousi as the wife of the Minister of Investment, Trade and Industry of the Republic of Botswana, to agree on new paths for economic and development integration during the next stage. With the aim of increasing trade exchanges and investment flows between the two countries, supporting the economic agenda of both sides, and achieving higher levels of economic partnership.

During the meeting, the two sides discussed ways to develop cooperation in a wide range of vital sectors, especially in the areas of natural resources, facilitating access to goods and supply chains, and approved practical steps for developing trade and investment exchange, facilitating the access of investors and entrepreneurs to the markets of the two countries and benefiting from the promising opportunities they provide.

The two ministers stressed the importance of working to increase air connectivity and direct flights between the cities of the two countries, which would contribute to increasing communication between the business communities, establishing successful investment partnerships, and raising the rates of trade and tourism exchange between the two sides.

His Excellency Al Zeyoudi reviewed the most prominent developments in the UAE economy, and briefed him on the fifty projects, packages and strategic and qualitative initiatives that promote the transformation towards a new economic model that is more flexible and sustainable and opens up broader horizons for investment and commercial partnerships.

He stressed the importance of strengthening cooperation at the governmental and private levels, diversifying economic cooperation activities at all levels, expanding the scope of trade and investment cooperation during the coming period, and strengthening economic efforts and initiatives for the post-Covid 19 era, noting that Botswana is one of the largest exporters of diamonds in the world. The volume of non-oil trade exchange between the UAE and the Republic of Botswana during the past year 2020 amounted to about 1.3 billion dollars.

His Excellency Al Zeyoudi called on companies in Botswana to enhance their presence in the UAE markets, and to take advantage of the activities of Expo 2020 Dubai to expand their international relationship, as it is the most prominent global platform for displaying products and services, reaching markets from different countries of the world and forging new partnerships that serve sustainable and future plans.

For his part, Mamoussi, as a Qefala, Minister of Investment, Trade and Industry of the Republic of Botswana, affirmed his country’s keenness to develop partnership with the UAE, and to strengthen bilateral cooperation in all areas of common interest, noting that Expo 2020 Dubai represents a strong starting point for Botswana, as it provides promising opportunities for establishing international partnerships. sustainable development to promote economic recovery and restore growth for the post-Covid-19 pandemic.”

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