UAE and Belize sign bilateral economic cooperation agreement
The agreement will see the two countries cooperate on energy and renewable energy projects, among others
The UAE and Belize signed an economic cooperation agreement to expand their cooperation in areas of mutual interest. The agreement was inked by UAE Minister of Economy Sultan bin Saeed Al Mansoori and Erwin Contreras, Belize’s Minister of Economic Development, Petroleum, Investment, Trade, and Commerce.
The agreement covers various sectors, including energy and renewables, trade of commodities and services, investment, transport, agriculture and food products, industry and mining, infrastructure, construction and real estate, and tourism, among others. The agreement also provides for the establishment of a joint economic committee between the two countries to take their partnership to new levels.
Al Mansoori said that the agreement would pave the way for a more fruitful and sustainable partnership between the UAE and Belize. Both parties agreed to exchange expertise and information, formulate new regulations and laws, identify obstacles, explore business opportunities, create a favorable environment for investment, and provide logistics facilities.