Economic Minister, Slovak Deputy PM explore prospects of joint economic, trade and investment cooperation

Dubai, 10th February, 2015 (WAM) — The UAE is interested in opening new avenues of joint economic and investment cooperation and boosting trade exchange with the Slovak Republic, Sultan bin Saeed Al Mansouri, Minister of Economy, said today during a meeting with Robert Kalinak, Deputy Prime Minister and Minister of Interior of the Slovak Republic, on the margins of the 3rd Government Summit being held in Dubai.

Al Mansouri noted that the Slovak trade representative in the UAE fell short of the high-level of the good friendship ties. Non-oil trade exchange, he added, stood at US$ 202 million at the end of 2013. Slovak has only two trade agencies and one trade mark registered with the Ministry of Economy.

Al Mansouri also urged Slovak to support Aysha Al Hamli, UAE’s nominee to the post of the secretary general of the International Civil Aviation Organisation for 2015. The UAE was the first GCC country and the third Arab country after Lebanon and Algeria to run for the ICAO’s top post.

On his part, the Slovak minister expressed his country’s desire to leverage bilateral ties with the UAE in the areas of trade and investment, referring to the tremendous business opportunities to establish joint partnerships in sectors like trade, agriculture and industry.

He said the UAE has set a model of economic diversification that other countries can emulate.

According to him, Slovak is eager to strengthen ties with the UAE, given its prominent place on the global economic landscape. He proposed the establishment of an investment fund to help the two countries make a qualitative leap in economic cooperation in the best interest of the two countries.

He emphasised that his country would back the UAE’s nominee to the ICAO’s position, particularly since the UAE maintains an aanced position in the aviation industry and boasts of promising economic and investment climate, ultra-modern, integrated and highly competitive infrastructure including airports and seaports, telecommunications and transport networks and logistical services.

The Slovak minister also expressed his country’s strong interest in cooperation with the UAE’s national air carriers when it comes to flights to the Slovak capital of Bratislava, which he said would spur trade and tourism exchange.