Mohamed bin Hadi Al Hussaini, Minister of State for Monetary Affairs, met with Magdalena Rzeczkowska, Minister of Finance of the Republic of Poland, and her accompanying delegation on the Ministry’s headquarters in Abu Dhabi.
The assembly sought to debate present financial developments and future prospects, in addition to methods of enhancing monetary and financial cooperation between the UAE and Poland.
Al Hussaini emphasised the importance of this assembly, which serves as a significant alternative to additional strengthen bilateral relations between the UAE and the Republic of Poland within the fields of financial system, finance and funding, amongst others.
He stated, “The UAE is eager to consolidate financial and monetary ties and partnerships with the Republic of Poland and broaden areas of cooperation to incorporate key areas of widespread curiosity. Our cooperation will contribute to advancing our economies and consolidating our bilateral relations.”
The assembly included the signing ceremony of the UAE-Poland joint assertion, which goals to consolidate cooperation between each international locations and alternate information, experiences and finest practices within the discipline of tax coverage.
These practices embrace digital reporting necessities, massive knowledge evaluation, machine studying, technique of supporting analysis and innovation, and along with deploying new applied sciences within the public sector comparable to synthetic intelligence (AI).
The assembly additionally included a presentation on the UAE federal authorities bonds and a overview of the funding panorama of the Republic of Poland.
The UAE is considered one of Poland’s largest buying and selling companions within the area, as the quantity of non-oil intra-trade between each international locations amounted to about AED3 billion in the course of the first half of 2022, reaching a progress of twenty-two%, in comparison with the identical interval in 2021.
Moreover, the quantity of non-oil intra-trade between the 2 international locations amounted to about AED5.3 billion throughout 2021, reaching a progress of 12% in comparison with 2020.
From the UAE Ministry of Finance, the assembly was attended by Younis Haji Al Khoori, Undersecretary of Ministry of Finance; Hamad Al Zaabi, Director of the Workplace of the Minister of State for Monetary Affairs; Thuraya Al Hashemi, Director of the Worldwide Tax Division on the Ministry of Finance; and Joanna Declercq Zelechowska, Advisor on the Ministry of Finance.
The delegation accompanying the Polish Minister of Finance included Paweł Siwek, Director of the Worldwide Cooperation Division on the Finance Ministry; Jacek Buda, Chargé d’affaires a.i. of the Republic of Poland; and Bartosz Andrzejewski, Senior Knowledgeable on the Polish Ministry of Finance.
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