Australian Prime Minister Scott Morrison has launched the Australia-UAE Business Council aimed at deepening bilateral trade and investment, and expanding opportunities for Australian and UAE businesses.

Dr Anwar Mohammed Gargash, UAE Minister of State for Foreign Affairs, followed the Australian Prime Minister, welcoming the launch of the Business Council.

“Since the establishment of diplomatic relations the UAE and Australia have been bound together by longstanding ties, ranging from trade, tourism, investments and culture, ultimately leading to mutual benefit for both our nations,” said Dr Gargash.

“I would like to welcome the decision to inaugurate this Business Council despite the pandemic. I truly believe that this Council will accelerate the growth of our economic cooperation in the years to come, as well as enhance investment and trade exchange,” he added.

The launch was also attended by UAE Ambassador to Australia, Abdulla Al Subousi, the Australian co-chair Christopher Pyne and the UAE co-chair Badr Al-Olama. Pyne said that the establishment of the business council was long overdue for the two nations.

 “I was surprised to learn during my time in politics that there has never been a business council before between Australia and the UAE. Our countries have so much to offer each other and it is our interest to promote mutual prosperity,” said Pyne.