US-UAE Business Council Meets with President Bush and Releases New
Paper on Bilateral Commercial Relationship
WASHINGTON (Business Wire EON) January 14, 2008 --
Following a meeting held today in Abu Dhabi, United Arab Emirates, with
U.S. President George W. Bush, the US-UAE
Business Council published a new paper which illustrates the
importance of the US-UAE economic relationship, and forecasts continued
steady growth in bilateral trade and investment.
Written by Dr. Michael Moore, Director of the Institute for
International Economic Policy at The George Washington University, the
report, “The
US-UAE Trade and Investment Relationship,”
notes that the UAE’s efforts to diversify its
economy in recent years have led to growing business opportunities for
U.S. companies, especially in the services industry. The report also
states that the increased pace of UAE investments in the U.S.
demonstrate the UAE’s ongoing commitment to
being a steadfast investor in the U.S. marketplace.
“Our relationship with the UAE is a strong
one, and it’s clear that our economies will
only become more interrelated as companies continue to see real returns
in our cross-border trade and investment,”
said Joseph Robert, Jr., CEO of JE Robert Companies and Council Co-Chair.
The US-UAE Business Council is also calling on the U.S. government to
broaden and strengthen its ties in the region –
to better reflect the existing and longstanding economic relationship.
According to Khaldoon Al Mubarak, CEO of Mubadala Development Company
and Council Co-Chair, “The economic
relationship between the United Arab Emirates and the United States has
never been stronger. As we look to the future, the business communities
in both of our countries will continue to benefit from an environment in
which increasingly open investment and economic cooperation are not just
accepted, but actively encouraged.”
The complete report can be downloaded in .pdf form at http://www.usuaebusiness.org/view/resources/uploaded/
USUAEWhitepaper.pdf (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove the
extra space if one exists.)
The US-UAE Business Council, an independent, non-profit organization
housed at the U.S. Chamber of Commerce, is a membership organization of
leading companies in the two countries. The Council’s
mission is to advance bilateral commercial interests by monitoring and
advocating trade and investment policies central to the countries’
relationship. For more information, visit www.usuaebusiness.org.
ED NOTE: Please reach the media contact for expert availability and
for all interview requests.
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