Abu Dhabi, Italy secure trade and customs agreement + UAE, Scotland set for more investment flows

UAE, Italy strengthen trade and customs corridor: An Abu Dhabi Department of Economic Development delegation inked several trade and customs agreements with Italy to strengthen growth across key sectors including manufacturing and agritech, according to a press release.

The Abu Dhabi Investment Office signed two agreements with Italian institutions — Assolombarda, an industrial entrepreneurial association, and Confagricoltura, a body representing agricultural businesses. The agreements focus on manufacturing, clean energy, and digital transformation across the agri-food value chain within the UAE’s AgriFood Growth and Water Abundance cluster, aimed at strengthening bilateral cross-border trade and investment collaboration.

PLUS- Abu Dhabi Customs entered into an agreement with Italy’s Customs and Monopolies Agency to work toward setting up a digital trade corridor to improve bilateral trade flows.

UAE reaches investment agreement with Scotland: The UAE’s Investment Ministry also just inked an agreement with Scotland to strengthen bilateral cooperation and investment flows, according to a Scottish government statement.

What’s in the cards? SMEs and public-private partnerships are the focus, with the agreement looking to support bilateral investment flows via joint ventures, business forums, and trade and networking events to help Emirati and Scottish firms link up and scale in their counterpart countries.