WAM ABU DHABI: The first coordination meeting to discuss trade in commodities and ways to facilitate foreign trade and to attract foreign investments to the UAE was held today at the Foreign Ministry.

Assistant Foreign Minister for International Organizations Affairs Dr Saeed Mohammed Al-Shamsi, who chaired the meeting, gave a presentation on the said economic strategic targets set by the ministry to contribute to the economic boom of the UAE.

He stressed the need for coordination among all relevant authorities to preserve the UAE's stature as a favorite destination for foreign direct investments through procedures which include mobilizing political support, launching new initiatives to encourage trade, providing updates on the business environment, developing strategic partnerships between government officials and the business community to eventually eliminate barriers to trade and investment.

The procedures, he said, are major factors for achieving the targeted growth and economic prosperity.

WAM/MMYS