American Business Group (AmCham) Abu Dhabi boosts United Arab Emirate’s connectivity and business opportunities for the United States and UAE. In 2012, a campaign was launched to further enhance the ties between the USA and the UAE as part of the discussion to reinforce the collaboration between the local companies established in these two countries.
The dialogue was between the Federation of the United Arab Emirates Chambers of Commerce and Industry Chairman, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) President, and the United States Ambassador to the United Arab Emirates. The focus of the meeting was centered on industrial partnership and investment.
In conjunction with the two agencies’ heads, others who are part of the meeting include the Embassy of the United States in the UAE Commercial Counsellor, the American Business Group (AmCham) Chairman, the ADCCI Director General, as well as the Businesses and Communications Sector Director at the Abu Dhabi Chamber.
The ADCCI emphasized that they are devoted to harmonizing and synergizing with the American Business Groups and Councils, which were set up in the capital to exploit the contribution of the United States firms in developing the Emirate’s economic plan, thereby creating additional business opportunities for the entrepreneurs from the two countries in the process. It has been confirmed that a large division of foreign companies is considering the possibility of developing industrialized projects in Abu Dhabi with assistance from their associates in the emirate, thereby harnessing its strategic position in the Gulf and the advent of new markets in the district.
The coalition of the Abu Dhabi Economic Council and the United States was later brought up by the Abu Dhabi Chamber, the American Chamber in Abu Dhabi, and the Abu Dhabi Department of Economic Development to offer a general platform for the businesses established in the two nations so that they can be empowered and increase trading activity as well as the size of investments between the US and the UAE.
A treaty was signed to form the Council to strengthen the ties between the United States and the United Arab Emirates further than they used to be. The contract also entails the tasks of the new Economic Council, which comprises an Executive Committee, Consultative Committee, and impromptu working coalitions in many commercial segments with but not limited to investment, trade, and commerce.
The American Business Group of Abu Dhabi, popularly known as AmCham, has been working behind the curtain to advocate for business opportunities, investment, and generosity from the United States. Abu Dhabi’s AmCham exists as an independent, non-profit business coalition consisting of Fortune 500 multinationals, SMEs, and prominent corporate personalities and magnates.
AmCham is a member of the international network of American Chambers of Commerce and an affiliate of the United States Chamber of Commerce, Washington D.C., AmCham MENA, Abu Dhabi Chamber of Commerce and Industry, and the US-UAE Business Council.
An Executive Director chairs AmCham, which is run by its expert team. It comprises a Board of Directors, four officers, and eleven members. A general meeting and a strategic planning Conference are held annually to introduce more developments and maintain the position as a foremost professional organization.
The American Business Group arranged the roundtable discussion popularly called AmCham for over 150 foremost business managers, entrepreneurs, researchers, and government officials from the heartbeat United Arab Emirates and the United States. The assembly discussed the concerns challenging the investment and trade industry between the two cities regarding business procedures, regulations, and policies to launch the United States’ direct overseas investment in Abu Dhabi and the entire United Arab Emirates, not only; they also aimed to authorize exported merchandise from the United States of America to the Middle East via UAE.
The treaty also highlights the Executive Committee commissions, which entail overseeing the progression of the Council, reaching conclusions, and outlining groups and units authorized to the Council’s declarations for considerable reflection. Meanwhile, the responsibilities of the Consultative Committee regarding the commission oversee the day-to-day procedures of the Congress, monitoring, guiding and permitting the activities of the staff, as well as the supplementary group assisting in moving forward and completing the work, in addition to going through the intelligences offered by the supposed groups, and authenticate if the proposed documents are worth sending to the highest Committee for discussion.
AmCham functions as an outstanding meeting point where the senior manager can iron out and rub minds together about the diverse issues affecting the business, its flow, and trade operations between the United States of America and the U.A.E. They had proposed several relevant Government sustaining programs enlightening and networking strategies and custom-made commercial services for benefitting its members. Due to its members’ continuous strengthening, AmCham Abu Dhabi has been recognized as an American business establishment representative in Abu Dhabi.
AmCham paved the way for additional business conglomerate prospects for the privately owned companies that are domiciled in Abu Dhabi and the U.A.E to benefit from them to gain from the info and the upbringing of American businesses, mostly those operating in the State, to foster their competitiveness and their active participation in the global market.
The United Arab Emirate Center demonstrated a firm stride in the course of economic advancement via its 2030 Economic Vision to strengthen its integration into the global economy by creating added prospects and providing motivations and facilities to the private division, residents of UAE, and overseas companies to branch out their undertakings, increase their dealings and form deliberate networks with the parallel companies globally.
Concerning the Customs Administrative Office located in Abu Dhabi, the
According to the Customs Administrative Office in Abu Dhabi, the total trade between the USA and Abu Dhabi for the past four years had exceeded $14,483,917 US.
To improve and reinforce trade and investment that existed between the United States of America and Abu Dhabi, operational groups like the AmCham will study, analyze, and offer suggestions to the US-UAE Economic Council Supervisory Committee to secure economic dealings between the two states as well as proffer appropriate resolutions highlighted to endow the private sectors in all of their business undertakings in the two countries, by exploiting the available avenues for investment and trade by indigenous governments of the two countries.
For further information, log on to the official website: www.amchamabudhabi.org
