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Advisory Committee on Free Trade Agreements in Abu Dhabi Emirate discusses a number of Agreements and linking them to the Pillars of Abu Dhabi Economic Vision 2030

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Advisory Committee on Free Trade Agreements in Abu Dhabi Emirate discusses a number of Agreements and linking them to the Pillars of Abu Dhabi Economic Vision 2030

Saturday, June 11, 2011
The Advisory Committee on Free Trade Agreements (FTA) in Abu Dhabi Emirate held its third meeting this year in DED Head Office, the meeting was presided over by His Excellence Mohammed Omar Abdullah, Undersecretary of the Department of Economic Development, and the meeting was attended by the Committee Members representing the governmental departments and establishments in the Emirate. The Committee discussed a number of subjects pertaining to the issues of Free Trade Agreements with the purpose of establishing a close link between them and the pillars and objectives of Abu Dhabi Economic Vision 2030 and at the same time derive maximum benefit from the Free Trade Agreements which are being negotiated currently and the ones that have been signed. The Committee has also reviewed and discussed the results of an analytical study conducted by DED about the FTA signed in December, 2008, by GCC countries and Singapore as that agreement was the first of its kind to be signed with other countries after four rounds of bilateral negotiations. In the same context, the Committee discussed the outcomes of that study with regard to the objectives and provisions of the agreement and the most important economic results that stem from it.The Advisory Committee on FTAs convenes periodically to hold discussions and coordinate with the local establishments and departments of the Emirate to discuss the issues pertaining to free trade agreements and envisage and determine the Emirate's stance on bilateral negotiations with the relevant stakeholders and also look into the mechanisms of cooperation and mutual coordination with Federal Entities and the private sectors in order to follow up on the fulfillment of state commitments resulting from those agreements.It's noteworthy that since its establishment, the Committee held nine meetings in which it discussed a variety of issues concerning a number of FTAs and made the necessary decisions and recommendations in this respect.
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