Dubai Chamber and Hungarian entities sign three agreements

3/2/2016 5:06:10 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 2nd March 2016 (WAM) -- Three Memoranda of Understanding MoUs including two between Dubai Chamber of Commerce and Industry and the Hungary Chamber of Commerce and Industry as well as the Hungarian National Trading House were signed while the third joint partnership agreement was signed between Ivanka Factory Plc. Hungary and Sensi Trading.

Under the agreements both Dubai and Hungary Chambers will work to promote commercial exchanges and trade and economic cooperation between their business communities while also exchanging information and experiences as well organising networking events including conferences specialised exhibitions and reciprocal trade missions.

The MoU between Dubai Chamber and the Hungarian National Trading House emphasised strengthening trade and economic cooperation and the exchange of information between enterprises from both sides while promoting the development of small and medium-sized companies' activities and exchange of information on trade fairs and economic events. The third cooperation agreement between Ivanka Factory Plc. Hungary and Sensi Trading LLC also stressed working closely to enhance trade between the two companies.

The signing ceremony was held on the side-lines of the Country Focus Briefing - Hungary organised by Dubai Chamber in association with the Hungarian Embassy in the UAE at the chamber premises on Tuesday in the presence of Sultan bin Saeed Al Mansouri UAE Minister of Economy and Peter Szijjarto Hungarian Minister of Foreign Affairs and Trade and his accompanying business delegation. The briefing was followed with 90 one-to-one business meetings between the two sides.

Al Mansouri emphasised the importance of working jointly to strengthen partnerships between the business communities from the UAE and Hungary which he said will lead to opening up new horizons for economic cooperation and also to honour the MoUs and partnership agreements signed between the two sides.

Under the MoUs the Dubai Chamber and Hungary will work on enhancing trade and economic cooperation the exchange of information and experiences and invitations on economic events in addition to the exchange of invitations to participate in tenders.

WAM/Hanaa/Moran

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