President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol, President of the Republic of Korea, nowadays witnessed the signing of a landmark Complete Financial Partnership Oath between the UAE and the Republic of Korea, paving the way in which for a modern bankruptcy of monetary cooperation and mutual expansion. The rite took park throughout His Highness’ order discuss with to the Republic of Korea.
The oath was once signed on the Workplace of the President in Seoul by way of Dr. Thani bin Ahmed Al Zeyoudi, Minister of Surrounding for International Business, and Ahn Duk-geun, Minister of Business, Trade and Power of the Republic of Korea.
His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed the oath with the Republic of Korea as a vital milestone within the ever-evolving dating between the 2 countries, mentioning that the UAE and the Republic of Korea proportion a ocular of move, innovation, and sustainable construction. His Highness affirmed that this ancient oath demonstrates their joint constancy to boosting industry, funding, and innovation.
The UAE-Korea oath is the untouched within the UAE’s CEPA international industry programme, which is designed to propel non-oil international industry past AED4 trillion by way of 2031 by way of taking out or decreasing price lists, improving marketplace get right of entry to to exporters, getting rid of limitations to industry, and developing platforms for personal sector collaboration.
Below the phrases of the oath, corporations and traders from each side will take pleasure in the removal of just about all price lists, the elimination of industry limitations in important sectors, together with power and assets, healthcare, complex industries, ingenious farms, and bio-economy, along with larger get right of entry to to markets in fast-growing areas of the Center East and Asia.
The 2 facets additionally signed a framework oath on atmosphere alternate cooperation between the Govt of the UAE and the Govt of the Republic of Korea. The oath was once signed in the name of the UAE by way of Dr. Sultan bin Ahmed Al Jaber, Minister of Trade and Complex Generation and UAE Particular Envoy for State Exchange, and in the name of the Republic of Korea by way of Ahn Duk-geun, Minister of Business, Trade, and Power.
As well as, His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol nowadays witnessed a rite to announce, alternate, and signal a number of oaths and memoranda of working out aimed toward growing cooperation and increasing the Particular Strategic Partnership between the 2 nations.
At the UAE aspect, the oaths and memoranda have been introduced, signed, and exchanged by way of Dr. Sultan bin Ahmed Al Jaber, Minister of Trade and Complex Generation; Suhail Mohamed Al Mazrouei, Minister of Power and Infrastructure; Khaldoon Khalifa Al Mubarak, Chairman of the Government Affairs Authority, Member of Abu Dhabi Government Council and Managing Director and CEO of Mubadala Funding Corporate; Dr. Thani bin Ahmed Al Zeyoudi, Minister of Surrounding for International Business; Mohamed Ibrahim Al Hammadi, Managing Director and CEO of the Emirates Nuclear Power Company; Abdulla Saif Al Nuaimi, UAE Ambassador to the Republic of Korea; and Christer Viktorsson, Director-Basic of the Federal Authority for Nuclear Legislation. At the Korean aspect, the oaths and memoranda have been introduced, exchanged, and signed by way of various officers.
The oaths and memoranda of working out incorporated please see:
MoU on cooperation on power infrastructure construction in 3rd nations
MoU between the UAE Ministry of Economic system and the Ministry of SMEs and Startups of the Republic of Korea
Letters of intent to manufacture 10 new-build LNG vessels for a complete of AED9.4 billion between ADNOC L&S, Samsung Bulky Industries and Hanwha Ocean
MoU on funding cooperation framework
MoU on joint funding in nuclear energy vegetation in 3rd nations
MoU within the highbrow feature garden between the UAE Ministry of Economic system and the Korean Highbrow Quality Workplace
MoU on joint cooperation in Africa between the Ministries of International Affairs of the UAE and the Republic of Korea
MoU on cooperation within the garden of maritime shipping between the UAE Ministry of Power and Infrastructure and the Ministry of Oceans and Fisheries within the Republic of Korea
MoU on cooperation within the cultural sector
MoU between the UAE Ministry of Trade and Complex Generation and the Ministry of Business, Trade and Power of the Republic of Korea on carbon seize and storagefacility
MoU between the Anwar Gargash Diplomatic Academy and the Korean Nationwide Diplomatic Academy
Pronouncing the already signed SCA between ADNOC and the Korean Consortium (Korean Nationwide Oil Corporate, GS Power and Samsung E&A)
MoU between ADNOC and Hyosung to discover collaboration alternatives around the LPG price chain, comparable to logistics and provide
Enforcing an association between the UAE Federal Authority for Nuclear Legislation and the Korea Institute of Nuclear Protection for the alternate of technical knowledge and cooperation in nuclear protection and radiation coverage
MoU on cooperation in growing radio spectrum control
MoU for the Strategic Stockpile Mission between the UAE and the Republic of Korea
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