Sharjah Chamber has signed a memorandum of understanding (MoU) with the Government of the Republic of Guatemala, represented by the economy, tourism, and investment ministries.
The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both friendly countries.
The signing ceremony of the agreement took place at the Guatemalan pavilion at Expo 2020 Dubai, between HE Abdullah Sultan Al Owais, Chairman, and Mr. Luis Alfonso Bosque Gingila, Chairman of the Guatemalan Chamber of Industry, under which the two sides shall encourage the exchange of trade delegations and discussions in the fields of export and economy and support follow-up visits.
The agreement also provides for the coordination to establish and expand a commercial network that facilitates trading business opportunities available in the two countries, as well as the exchange of commercial data and statistics and activation of joint research, and participation in the economic events, exhibitions, and conferences for each side.
"The MoU reflects the Sharjah Chamber’s efforts to strengthen its relations and international partnerships with the countries participating in Expo 2020 Dubai, expecting the agreement would build new bridges of fruitful cooperation between the business communities in Sharjah and Guatemala and raise the emirate's trade relations to distinct levels," said Abdullah Sultan Al Owais.
He added that the Sharjah Chamber is keen to strengthen its presence in vital and promising markets that provide opportunities for growth and expansion for its partners from the business community and private sector companies in the emirate.
Al Owais pointed out that Guatemala is bountiful with investment opportunities, highlighting the importance of strengthening relations between Sharjah and Guatemala, which reflects the growth and prosperity that receives all support and care from the leadership and people of the two friendly countries.
Luis Alfonso Bosque Gingila said the agreement is an important strategic step towards consolidating relations between Guatemala and the UAE and the Emirate of Sharjah in particular.
He noted that the MoU seeks to enhance and facilitate effective cooperation in trade, economic and investment activities, and the pursuit of promising economic and trade relations with the UAE.
Gingila invited local companies in Sharjah to visit and invest in Guatemala, which enjoys an ideal environment to grow investments in various sectors that can achieve common goals and interests.