Sharjah, Minsk Chambers agree on better trade ties

The memorandum was signed by  Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry, and  Sergey Nabeshko, General Director of the Belarusian Chamber of Commerce and Industry, Minsk branch, during the Sharjah-Belarus business forum, which was organized by the Chamber in the presence of  Evgeny Lazarev, Consul General of Belarus in Dubai, and  Mohammed Ahmed Amin Al-Awadi, Director General of Sharjah Chamber.

Abdallah Sultan Al Owais expressed the Chamber’s welcome of the agreement, which would further joint investments between the two friendly countries, noting that the volume of non-oil trade between the United Arab Emirates and the Republic of Belarus amounted to over $82.6 million in 2021, of which $32 million are imports, $44.5 million exports, and $6.1 million re-exports, representing an increase of 16.2% compared to $71.1 million in 2020. He emphasized that the agreement is a continuum and culmination of these relations towards developing areas of economic cooperation and opening new channels of communication between the representatives of private sectors and businesses in both countries to inaugurate a new stage of quality investments.

Sergey Nabeshko expressed his thanks and appreciation for the SCCI's active and effective efforts to develop the economic partnership between the UAE and Belarus, stressing that the UAE and the Emirate of Sharjah in particular are a major target for Belarusian investments due to their key geographical location as a hub for world trade and professional expertise in all areas of business, as well as the facilities and incentives provided to investors. He noted that the cooperation agreement with the Sharjah Chamber is an effective and important step towards building promising economic partnerships in both friendly countries.