The Sharjah Chamber of Commerce and Industry (SCCI) met with a high-level business delegation from the Arab Colombian Chamber of Commerce to discuss economic cooperation and ways to strengthen business relations.<\/p>\n
The discussions took place on the sidelines of a business forum organized by the Chamber on the sidelines of a visit to the emirate of Sharjah by a Colombian business delegation led by Juliana Cabrejo, CEO of the Arab Colombian Chamber of Commerce. Raghda Eman, a member of the SCCI’s board of directors, was present at the meeting.<\/p>\n
Raghda Eman said: \u201cThe UAE\u2019s vision and aspirations are primarily focused on enhancing the country\u2019s economy and achieving qualitative leaps by supporting economic, commercial, and investment partnerships, and expanding bilateral relations with many promising countries, including Colombia.\u201d<\/p>\n
Colombia, according to Eman, is the third largest economy in South America, a major source of raw materials, and an important gateway for companies based in the UAE to access the region’s diverse economic opportunities. Furthermore, the UAE is Colombia’s largest trading partner in the Arab world, accounting for more than 40% of its foreign trade with the region in 2020, and total non-oil trade between the UAE and Colombia is expected to reach Dhs991 million in 2021.<\/p>\n
\u201cSuch a strong foundation serves as a starting point for concrete cooperation and shared understanding that brings together members of both Chambers to achieve qualitative leaps in various sectors,\u201d She added.<\/p>\n
Juliana emphasized the significance of the meeting, stating that it provided a valuable opportunity for Colombian companies and members of the Arab Colombian Chamber of Commerce to exchange expertise and explore investment opportunities in a variety of sectors, particularly coffee trading.<\/p>\n
Cabrejo stated that Sharjah has international capabilities in all fields and can provide economic assistance to Colombian companies. She described the investment opportunities in Colombia, which has one of the most stable Latin American economies and a noticeable growth rate in a variety of sectors.<\/p>\n
During the meeting, the Sharjah International Airport Free Zone (SAIF Zone) demonstrated its logistical capabilities and integrated service system that meet the needs of investors, as well as the benefits it provides, such as 100% foreign ownership of businesses, 100% repatriation of capital and profits, 100% corporate or personal income tax exemptions, 100% import and export tax exemptions, and fast issuance of licenses within an hour.<\/p>\n
Previously, the Sharjah Chamber of Commerce and Industry (SCCI) announced that all targets set for 2022 had been met on time and in accordance with key performance indicators (KPIs) and operational plans.<\/p>\n
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