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The Advisory Committee for Free Trade Agreements in Abu Dhabi discusses proposed liberalization of trade in services and  theGCC Customs Union

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The Advisory Committee for Free Trade Agreements in Abu Dhabi discusses proposed liberalization of trade in services and  theGCC Customs Union

Thursday, December 22, 2011
The Advisory Committee for Free Trade Agreements in Abu Dhabi co0nveved its 5th meeting for this year today at Park Hyatt Abu Dhabi Hotel – Saadiat Island in presence of HE Abdullah Al Saleh, Undersecretary of the Ministry of Foreign Trade, HE Mohammed Omar Abdullah, Undersecretary of the Department of Economic Development in Abu Dhabi, Chairman of the Committee, HE Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Foreign Trade and about 20 representatives of a number of government entities in Abu Dhabi.The meeting discussed a number of topics on the agenda of the Committee, the most important of which was the proposed liberalization of trade in services in the Emirate of Abu Dhabi provided by Department of Economic Development in addition to a number of issues related to GCC Customs Union.The Committee also discussed the mechanism of cooperation and coordination with the Ministry of Foreign Trade, which include the provision of technical assistance for training and upgrading of members of the Committee in the area of free trade agreements and negotiations. Mr. Saeed Nusaibi the Economic Advisor at the Department of Economic Development, the Rapporteur for the committee gave a presentation in the meeting in which he explained the role of the Advisory Committee for Free Trade Agreements, in achieving maximum benefit from the signed free trade agreements and those that are being negotiated, and ensuring harmony with the Abu Dhabi Economic Vision 2030 and the Department Strategic Five-Year Plan 2005-2011.Their Excellencies Abdullah Al Saleh and Mohammed Omar Abdullah expressed thekeenness of the Ministry of Foreign Trade and the Department of Economic Development to activate and spur the committee’s efforts parallel to and in line with the economic strategies and trade policies of the State, in order to expand and diversify trade and investment in the emirate of Abu Dhabi.The Ministry of Foreign Trade and the Department of Economic Development are trying to boost the role of local government and the private sector in the negotiations of free trade agreements, through full coordination in negotiating proposals concerning agreements, as well as identifying sectors proposed by the relevant authorities for liberation.The Committee held five meetings during the past year, and four meetings during this year, and reached a number of recommendation, most importantly is the proposed priority list of export goods in the Emirate of Abu Dhabi; in addition to the draft proposal for the obligations of the Emirate of Abu Dhabi concerning liberalization of trade in services.
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