UAE And Switzerland Hold Sixth Strategic Financial Dialogue To Enhance Cooperation

The UAE's Ministry of Finance recently engaged in the sixth Financial Dialogue with Switzerland's Federal Department of Finance in Abu Dhabi. This meeting focused on enhancing bilateral cooperation in financial and economic areas, including macroeconomic trends, international taxation, and digital finance advancements. Discussions also aimed at boosting collaboration between government bodies and the private sector.

Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Daniela Stoffel Delbrück, Swiss State Secretary for International Finance, were present at the dialogue. Both parties signed a joint statement to solidify the UAE-Swiss Strategic Financial Dialogue. The event saw participation from key figures such as Arthur Mattli, Swiss Ambassador to the UAE, and Roman Studer, CEO of the Swiss Bankers Association.

Al Hussaini warmly welcomed Daniela Stoffel Delbrück and her delegation. He noted that this dialogue underscores the robust bilateral relations between the UAE and Switzerland. These ties are built on cooperation and partnership across various financial sectors. "Over the years, this dialogue has proven to be a strategic platform for robust bilateral collaboration," he stated.

The discussions covered significant economic developments at both international and regional levels. Topics included G20 matters, Financial Stability Board updates, International Monetary Fund insights, and macroeconomic outlooks for both nations. Participants also exchanged views on international taxation and regulatory policy advancements.

Al Hussaini highlighted shared goals between the UAE and Switzerland in financial sustainability and innovation. He remarked that today's dialogue is crucial for advancing global efforts towards sustainable growth. It offers an opportunity to support the global sustainability agenda by fostering collaboration between government entities and private sectors.

Daniela Stoffel Delbrück emphasized the importance of this strategic dialogue as a platform for strengthening financial partnerships between both countries. She said, "The dialogue has been highly successful, fostering greater cooperation and building stronger ties between financial institutions in both countries."

Commitment to Future Cooperation

The meeting concluded with both sides stressing the need to enhance bilateral cooperation further. They aim to contribute to global economic growth by improving international financial systems through continued dialogues like these. The Ministry of Finance and Federal Department of Finance reaffirmed their commitment to maintaining this strategic platform.

Al Hussaini expressed gratitude to all participants for their contributions to this constructive dialogue. He appreciated the innovative ideas presented that will advance the financial sector toward new horizons while supporting sustainable development in both countries.

The discussions also touched upon recent tax-related developments and regulatory policies concerning digital finance and virtual asset regulation. Anti-money laundering (AML) measures were also part of the agenda, highlighting cooperation in financial markets.

The respective teams from both nations will continue exploring new ways to enhance bilateral cooperation soon. This ongoing effort aims at fostering innovation while advancing key sectors like digital finance.

With inputs from WAM