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Lubna Seeks Ways to Boost Ties with Panama, New Zealand and Thailand

The minister held bilateral meetings with trade ministers of Panama, New Zealand and Thailand, on the sidelines of the seventh ministerial meeting of WTO in Geneva.

They also discussed the agenda of WTO Ministerial Meeting and ways to promote international trade for the development of economic activity in the world.

Shaikha Lubna and Roberto C. Henrquez, Minister of Trade and Industry of Panama, explored ways to promote bilateral commercial cooperation between the two countries.

During the meeting, Shaikha Lubna confirmed that UAE is characterised by the availability of advanced infrastructure geared to enhance the flow of global investment.

Moreover, the UAE is considered a link to the Middle East, Asia and Africa. She stated that the UAE has begun to strengthen the role of economic sectors with high added value and increased its production to enhance economic growth and contribute to strengthening the competitive position of the UAE on the global level.

The minister invited Panamanian companies to strengthen its presence in the UAE market and take advantage of varied opportunities available to contribute to the strengthening of bilateral cooperation and increased trade, which last year reached about $135 million.

She stressed the importance of moving forward with the signing of conventions preventing double taxation and in turn promotes and protects investments between the two sides.

On his part, the Panamanian Minister confirmed the importance of the visit paid by Shaikh Abdullah bin Zayed Al Nahyan, UAE Foreign Minister, to Panama during which he discussed further cooperation between the two countries in several areas.

Shaikha Lubna has discussed with Tim Groser, New Zealand’s Trade Minister, ways to strengthen cooperation and investment between the two countries in agriculture and industry in addition to exchanging views on the topics of the WTO meetings. Shaikha Lubna also held a meeting with Porntiva Nakasai, Minister of Commerce of Thailand and discussed ways to strengthening trade, investment and tourism ties. —