Pakistan, UAE to enter economic partnership
In a declaration issued by the UAE government, the two countries decided to enter a long-term strategic economic partnership. They resolved to strengthen trade and economic ties and eliminate all impediments to seamless flow of trade and investment between the two countries. They also expressed satisfaction over the fruitful outcome of the visit of the high-level UAE economic delegation to Pakistan recently and reiterated their resolve to transform the existing special relations into a strategic long-term economic partnership by adopting a direct, transparent and time bound approach.
The two sides agreed to chalk out a comprehensive roadmap to accelerate cooperation and partnership in areas such as trade, investment, economic development, energy, infrastructure and agriculture.
According to the declaration, the next Pakistan-UAE Joint Ministerial Commission meeting will be held in Abu Dhabi February. It will be chaired by the foreign ministers of both countries. It has also stated that there will be increased cooperation in the form of trainings, joint exercises and defence production.
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