22.9 C
Sunday, December 10, 2023

UAE, Peru sign air services agreement


The UAE and the Republic of Peru signed an Air Services Agreement on behalf of the UAE, His Excellency Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, and on behalf of Peru, His Excellency Gervasi Díaz, Minister of Foreign Affairs.

The agreement will break new ground for cooperation between the two countries and boost internal trade.

His Excellency Al Shamsi pointed out that non-oil bilateral trade with Peru will reach US$800 million in 2022, and that the UAE has invested more than US$700 million in Peru in the past five years, with internal trade reaching US$4.4 billion over the same period.

Your Excellency added: “The 2009 MoU on Political Consultation and the 2019 Visa Waiver Agreement between the two countries have been signed, and today we are signing the Air Service Agreement. In the near future, we hope to sign an agreement to protect and promote investment and avoid double taxation agreement, and other agreements that will hopefully serve the interests of our two peoples and our shared desire for further growth and prosperity”

His Excellency Al Shamsi emphasized that the agreement will facilitate the growth of trade exchanges, promote the sustainability of the economies of both countries, and strengthen bilateral aviation relations in a way that supports the development agendas of both countries.

His Excellency added: “This is part of efforts to strengthen bilateral relations with the Republic of Peru and will also benefit our national airline and several other sectors of the country, directly affecting the growth of air traffic between UAE and Peruvian airports, which will have Help strengthen the trade, economic and tourism relationship between the two countries.”

For her part, His Excellency Diaz stated that the UAE is an important partner, as it is the largest Arab country investing in Peru, and highlighted that the UAE was the first country in the Middle East to sign an air services agreement with a South American country.

His Excellency underscored that the signing of the air services agreement with the UAE will make Peru the communications hub of the Latin American airline network, underscoring that the signing of the agreement is a major achievement and a milestone in the strong relationship between Peru and the UAE.

His Excellency stated that the signing of the agreement will allow the establishment of new air routes to facilitate tourism and business travel between Peru and Arab countries, as well as countries in Asia and the Pacific.


Source link

Related Articles

Syed Salahuddin Presents Indian Republic Day Kavi sammelan and Mushairah 2024 – A Grand Extravaganza of Poetic Brilliance: Marking Indian Republic Day on Foreign...

In a splendid celebration of the rich tapestry of Urdu and Hindi poetry and literature, Mr. Syed Salahuddin is gearing up to host the...

Tahbib: Navigating a Global Literary Odyssey with Leading Edge Events

In the luminous realm where art, language, and culture converge, Mr. Tariq Faizi's Leading Edge organization orchestrated a three-day symposium presided over by the...

Prize Alert: Key Highlights for Dubai Shopping Festival – Don’t Miss the Dh1 Million Prize and Free Home Makeover!

Prize The Dubai Lights show promises a visual treat with enchanting displays at various venues, featuring larger-than-life characters, neon-lit abras, and life-size Amazon forest...

“Sanjay Shah’s Journey: From Opulent Living to Extradition from the UAE”-1

Sanjay Shah Once the poster boy for opulence in Dubai, Sanjay Shah's extravagant lifestyle was a symbol of luxury. His mansion, fleet of yachts,...

“Dubai’s Spectacular 3D Tale: 500 Drones Transfigure Into Iconic Landmarks for an Astonishing Display”

500 Drones In the heart of Dubai's Bluewaters Island, a purpose-built platform gears up for the Dubai Shopping Festival (DSF) Drones Show. Exclusive access...

Latest Articles