ABU DHABI, twenty third September, 2022 (WAM) — The United Arab Emirates’ Ministry of Trade and Superior Know-how (MoIAT) immediately signed a Memorandum of Understanding (MoU) with the American Nationwide Requirements Institute (ANSI) with the goal of decreasing commerce limitations and selling financial progress.
The MoU was signed on the ISO 2022 annual assembly, happening this week in Abu Dhabi. The MoU, certainly one of two signed on Thursday, is a part of the ministry’s efforts to work with international requirements companions as a part of its work to align with worldwide requirements and greatest practices.
Omar Al Suwaidi, Undersecretary of the Ministry of Trade and Superior Know-how, and S. Joe Bhatia, President and CEO of ANSI, signed the MoU.
He commented, “ANSI is a valued companion and a world-renowned requirements group that shares our dedication to collaboration. Our MoU will assist the UAE and america capitalize on the robust ties between our two Two-way commerce between the United Arab Emirates and america was over $23 billion in 2021. We will proceed to construct on this constructive progress by decreasing commerce limitations.
Within the first half of 2022, america was one of many UAE’s high buying and selling companions, with non-oil commerce between the 2 international locations reaching practically $14.5 billion (AED52.9 billion), in keeping with the United Arab Emirates Ministry of Financial system.
Al Suwaidi added: “MoIAT’s MoU with ANSI displays a worldwide development during which requirements are more and more harmonized. This alignment connects international markets, serving to to drive financial progress worldwide. This international alignment additionally will increase the competitiveness of domestically made merchandise, serving to the UAE to enhance industrial exports.As a ministry, we’re eager to discover partnerships and collaborations with organizations world wide and we actively encourage entities to have interaction with us.
S. Joe Bhatia, ANSI President and CEO, mentioned, “ANSI is honored to commemorate our robust partnership with the UAE and MoIAT and to proceed our cooperation on worldwide requirements. As we all know, requirements are the muse of the worldwide financial system. and with this memorandum of understanding, ANSI and MoIAT stay up for supporting the quickly rising two-way commerce between our international locations. »
The Memorandum of Understanding between MoIAT and ANSI will facilitate cooperation within the areas of requirements and promote the mutual alternate of data between the 2 organizations. MoIAT and ANSI will work with the requirements our bodies of their respective international locations to ascertain bilateral relationships that can foster joint ventures and the mutual alternate of data to drive cooperation between industries as a cornerstone of worldwide standardization. , which might strengthen free commerce.
The MoU goals to make sure that nationwide requirements and their enforcement facilitate worldwide commerce and construct client confidence. The 2 events will work collectively to facilitate dialogue between consultants from the UAE and america in numerous fields of standardization and conformity evaluation.
Earlier this week, MoIAT signed a separate MoU with the Korea Company for Know-how and Requirements (KATS) with the goal of enhancing international commerce. Commerce and sustainability are key subjects explored on the ISO 2022 annual assembly, which takes place beneath the theme “Collaborating for good”.
Greater than 5,000 delegates, together with authorities officers and representatives of nationwide requirements our bodies, in addition to consultants and technicians from greater than 120 international locations, are participating within the occasion, which runs till Friday.
Internet hosting the assembly within the United Arab Emirates, which is a member of the ISO Council, displays the nation’s international management position in standardization. It additionally highlights the UAE’s place as a globally acknowledged and established industrial hub that provides worldwide traders enticing industrial alternatives and a singular worth proposition.