Ministry of Foreign Trade Discusses Relations with Colombian Delegation

WAM Abu Dhabi, Feb 01th, 2013 (WAM)–Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Foreign Trade, has met at the Ministry s Abu Dhabi Headquarters with a Colombian delegation that visited the UAE to take part in the Arab Health Exhibition and Congress 2013 , which was held in Dubai from 28th 31st January 2013.

The delegation members, who included Colombian businessmen and investors, were accompanied by the Executive Representative of the Commercial Office at the Embassy of Colombia in the UAE, Juanita Bell.

During the meeting, the delegation was briefed on the UAE s trade structure and trade and investment opportunities that are available for companies wishing to establish offices in or out of the country s specialized free zones.

Addressing the visiting delegation, Al Kait pointed out that the UAE is considered one of the world s leading countries in trade facilitation and investor protection, adding that the country is also a global meeting hub for investors from East and West.

He also pointed out that the healthcare sector constitutes one of the most important components of the UAE Vision 2021 , a factor that opens the door for more investments – particularly technical investments in the healthcare sector – especially in light of the rapid developments the UAE is currently witnessing.

Al Kait also answered a number of questions the Colombian delegation had about business setup requirements in the UAE and about the country s investment legislations.

For their part, the members of the Colombian delegation expressed their great interest in the UAE market and in the country s various opportunities and investment conducive climate – especially in the healthcare sector. They also expressed their interest in taking advantage of the country s geographic location and logistical prowess, which they said they could use as a launching pad to expand their business activities into other countries in the region.

Trade between the UAE and Colombia reached around AED 184 million in 2011, while the H1 2012 trade stood at AED 107 million.

WAM/MN