Philippine trade secretary Ramon M Lopez and UAE minister of state for financial affairs Mohamed Bin Hadi Al Hussaini signed the agreement.
“The parties intend to promptly facilitate the internal procedures needed for the entry into force of the IPPA. Sectors of interest from the UAE include import and distribution, the manufacture of scaffolding and formwork, engineering services, defense, telecommunications, tourism, poultry, aerospace, retail and renewable energy,” the DTI said in a statement.
DTI said it is eyeing investment in agribusiness and agriculture, energy efficiency technology and renewable energy, infrastructure and public–private partnership projects, artificial intelligence, information technology and business process management and shared services, manufacturing, oil and gas, processed and specialty food, and tourism and hospitality.
The agreement established a joint committee on investments that will find areas of bilateral cooperation.
Lopez said IPPA comes at the beginning of the process for forging a Comprehensive Economic Partnership Agreement (CEPA) with UAE.
Fibre2Fashion News Desk (DS)
Thailand and Cambodia recently signed a memorandum of understanding...
Bangladesh has succeeded in maintaining good growth in home textiles...
China’s State Council's executive meeting has decided to adopt policy ...
Consistency is the first rule of social media
Gaurav Davda Jindal Worldwide Ltd
Indian MMF sector to become globally competitive
Instagram & fashion will go a long way together
Nextil Group is one of the world’s largest knitted and elastic fashion...
<font color="#333333" face="Helvetica, sans-serif">IDELAM is a...
A Swiss, family-owned and run textile sourcing and supply company...
<div>Fytisa (Fieltros y Tejidos Industriales, S.L.) is a family–run...
UK-based Directa Plus is one of the largest producers and suppliers...
<div>UK-based Nonwovens Innovation & Research Institute Ltd (NIRI)...
Archana Jaju Label Archana Jaju
<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...
Jaclyn Hodes Label - AWAVEAWAKE
Founded in 2012, New York-based plant dyed luxurious lifestyle brand...
Seema Gujral Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.