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Kathmandu recorded a record-breaking rainfall in its 54 years with 323 millimetres of rainfall, recorded within 24 hours on that day
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Dubai, Korea to Boost Bilateral Trade
DUBAI - Dubai’s Export Development Corporation, or EDC, has signed a memorandum of understanding with Korea’s Trade-Investment Promotion Agency, or KORTA, aimed at promoting trade and business between the two countries, through joint implementation of programmes and activities.
Similar to the EDC in Dubai, KOTRA is a Korean government agency, engaged in the facilitation of international trade, promotion of foreign investments, the provision of assistance to domestic companies for overseas investments, and the promotion of foreign investment opportunities in Korea.
Eng, Saed Al Awadi, Chief Executive Officer, EDC, said that investment in technology is on the priority list for the UAE government, and Korea is a strategic partner for UAE in the technology sector. “In 2008 the foreign trade between UAE and Korea reached Dh13.9 billion with 50 per cent increase on 2007”.
“The MOU sets out to promote an exchange of information whereby each side will provide the other with relevant information regarding the economic, trade and investment situation within their own countries”, said Dr Hwan-Eik CHO, President and CEO, KOTRA.
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