Promoting national foreign investments and trade overseas is MoFA's strategic goal, says Sheikh Abdullah


WAM ABU DHABI: The UAE's foreign policy is based on the principles of mutual respect, international cooperation, openness, building confidence and the implementation of development while preserving our Arab and Islamic specific identity and heritage, according to the Minister of Foreign Affairs H.H Sheikh Abdullah Bin Zayed said.



"over the last five years, the UAE's diplomacy saw a major shift as our relations with countries around grew with a focus on new regions such as South America, Central America, Africa, Central Asia and the Pacific where we opened a number of embassies and consulates," the minister said in a speech at a reception organized upon his invitation under the theme "Diplomacy in Supporting National Foreign Investments".



"As we celebrate the UAE's 41st National Day, we remember the achievements of the founding fathers of the nation and the sacrifices, giving and patience of the late Sheikh Zayed Bin Sultan Al Nahyan for the building of our modern state to achieve the prestigious international status which is now our source of pride. We have now the historical responsibility to continue this serious work and fruitful process of building and giving in order to preserve the status of the UAE as a source of generous giving." Over the past period, he noted, the world saw a number of economic and political crises. In 2008, the global financial crisis led to the global recession and governments around the world suffered economic and financial crises and difficulties the consequences of which are still tangible today.



"Within two years, the Arab region saw major political and economic happenings that led to instability in some countries. This required the development of a political policy to deal with the events and protect our interests, the economic interests in particular, and defend our investments. As part of these efforts, we held meetings and workshops with our national ministries and institutions to study these problems and develop plans to counter them. As a result, delegations were sent from the Ministry of Foreign Affairs (MoFA) and other involved ministries, and our ambassadors moved and most of these problem were solved.



"Promoting the investments and trade of the UAE overseas is a strategic goal set by MoFA which coordinates and cooperates with its missions and the national economic sector to protect its interests, and continues to support its plans and efforts for foreign investments, contribute to studying the available opportunities and communicate with the national economic sector in this regard. This strategy yielded fruits and managed to reinforce the economic presence of the UAE in different regions around the world and to protect national foreign investments through embracing the issues faced by UAE investors and supporting them through the diplomatic missions in the concerned countrie," H.H Sheikh Abdullah Bin Zayed further said.



"Among the positive results achieved was the solving of issues such as dumping, quotas, high customs tariffs and taxes imposed by some countries on our products, profits and capital of some national companies, as well as the increase of the number of flights to countries around the world by Etihad Airways and Emirates Airline which we are proud of and which reflected the quality and excellence achieved by the UAE," he further said.



In attendance at the reception at MoFA's premises were the Speaker of the Federal National Council (FNC) Mohamed Ahmed Al-Mur, Chairman of Dubai Aviation Authority and Chairman of Emirates Group H.H. Sheikh Ahmed bin Saeed Al Maktoum, Minister of Higher Education and Scientific Research, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Foreign Trade, Sheikha Lubna Bint Khalid Al Qasimi, Minister of Economy m Sultan bin Saeed Al Mansouri, Minister of Culture, Youth and Community Development, Abdul Rahman Mohammed Al Owais, , Minister of State for Foreign Affairs, Dr Anwar Mohammed Gargash, Minister of Justice, Dr. Hadef Jowan Al Dhahiri, Minister of Environment and Water, Dr. Rashid Ahmed bin Fahad, Minister of State, Dr. Maytha Salem Al Shamsi, Deputy Minister for Presidential Affairs, Ahmed Juma Al Za'abi, Chairman of Abu Dhabi Executive Affairs Authority (EAA) Khaldoon Khalifa Al Mubarak, and other senior officials.



WAM/MMYS



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