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Algeria, UAE discuss closer cooperation

(With photos) ABU DHABI, June 12 (KUNA) -- Participants in an economic cooperation meeting between Algeria and the United Arab Emirates (UAE) on Tuesday discussed ways of cooperating at investment.
The discussion items included trade, media, tourism, higher education, scientific research, vocational training, environment, labor, youth, transport, public sector reform, customs, water resources and restructuring water and electricity networks.
The fifth meeting of the joint Algerian-UAE Committee had kicked off Tuesday in Abu Dhabi under the chairmanship of UAE Minister of Economy Sheikha Lubna Al-Qassimi and Algerian Finance Minister Karim Joudi with representatives of the private and public sectors from both countries present.
"There will be closer cooperation in the next few years," the UAE minister said. She added that the two sides were working on laying down the framework for a larger cooperation and possibly, in future, "an economic partnership and expanding bilateral trade." The UAE minister lauded the steps taken by Algeria in the past few years in developing its economy and its five-year plan, ending in 2009 and worth USD 90 billion.
The Algerian minister expressed hope that the meeting would pave the way for a positive outcome reflecting the wishes of the two states. (end) bmj.eh KUNA 122152 Jun 07NNNN