UAE, China agree to cooperate on China’s Belt and Road Initiative + trade

UAE + China ink a plethora of trade agreements: The UAE and China signed several agreements including cooperation on China’s Belt and Road Initiative, establishing an investment cooperation committee, and the recognition of seafarers’ certificates of competence, Wam reported on Thursday. UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and Chinese officials also discussed stimulating growth in bilateral trade and investment at the UAE-China Business and Investment Forum, where agreements were signed in several areas including freezones, aviation, and industry, Wam reported separately on Friday.

Morocco + South Korea to establish legislative framework for trade + investment: Morocco's Foreign Affairs Minister Nasser Bourita and South Korea’s Commerce Minister Inkygo Cheong inked a joint statement yesterday on launching discussions to establish a legislative framework for trade and investment between the countries, according to MAP. The move aims to pave the way for an Enhanced Partnership Agreement that will strengthen the two countries’ existing partnership framework, MAP writes. The ministers will finalize exploratory talks as soon as possible before negotiations commence.

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• KSA + Austria to enhance economic cooperation: Saudi Arabia and Austria have inked an MoU to enhance economic cooperation, specifically in SMEs, trade, industry, research, and tourism. (SPA)