The UAE today held its 6th Financial Dialogue with the Swiss Federal Ministry of Finance on behalf of the Ministry of Finance in Abu Dhabi.
The dialogue aims to discuss ways to strengthen bilateral cooperation in various financial and economic areas of mutual interest, such as macroeconomic and sectoral developments, international taxation, and the latest developments in the financial sector, especially digital finance. It was.
The discussion also touched on strengthening collaboration between government agencies and the private sector.
The dialogue was attended by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, and Daniela Stoffel Delbrück, Secretary of State for International Finance at the Federal Department of Finance (FDF). The two countries signed a joint statement on the UAE-Switzerland Strategic Financial Dialogue.
Arthur Matri, Ambassador of Switzerland to the UAE. Gregorio Bernasconi, Foreign Affairs Adviser to the Minister of Finance. Roman Studer, CEO of the Swiss Bankers Association. Several representatives from the Swiss business community participated.
From the UAE side, Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, attended the meeting. Dr. Hissa Abdullah Al Otaiba Ambassador of the UAE to Switzerland and the Principality of Liechtenstein. Dr Maryam Butti Al Suwaidi, CEO, Securities and Commodities Authority (SCA); Arif Amiri, CEO of Dubai International Financial Center Authority; Mr. Emmanuel Gibanakis, CEO, Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market (ADGM); Ali Abdullah Sharafi, Assistant Secretary for International Financial Relations, Ministry of Finance;
From the Swiss side, Arthur Matri, Ambassador of Switzerland to the UAE, attended. Gregorio Bernasconi, Foreign Affairs Adviser to the Minister of Finance. Roman Studer, CEO of the Swiss Bankers Association. Several representatives from the Swiss business community also participated.
In his remarks during the meeting, Mr. Al-Hussaini warmly welcomed Daniela Stoffel Delbrück, Secretary of State for International Finance at the Federal Department of Finance (FDF), and his delegation.
He underlined that the 6th Financial Dialogue between the UAE and Switzerland reaffirms the strong bilateral relationship based on the values of cooperation and constructive partnership across various financial and economic sectors.
“Over the years, this dialogue has proven to be a strategic platform for strong bilateral cooperation, and we look forward to new avenues to strengthen our partnership and drive new levels of growth and prosperity. Amid the rapid development of the global economy, strengthening communication and collaboration between governments and financial institutions is essential to achieving sustainable economic growth. Needless to say, such dialogue will play an important role in supporting this goal by fostering innovation and advancing key areas such as digital finance and crypto asset regulation.” he said.
“The UAE and Switzerland share common goals in many areas, particularly in fiscal sustainability and innovation. Today’s dialogue will help advance global efforts to achieve sustainable growth. It highlights the vital role that countries play and provides an important opportunity to support the global sustainability agenda. The dialogue also provides a valuable platform to strengthen cooperation between government agencies and the private sector. “This is essential to creating an innovative financial environment that fosters sustainable development,” he added.
Mr. Al Hussaini concluded his speech by expressing his valuable contribution to this constructive dialogue and innovative ideas that will propel the financial sector towards new horizons and further support the inclusive and sustainable development of both countries. For this, he expressed his heartfelt gratitude to all the participants.
Mr. Al-Hussaini stressed that the respective teams will continue to explore new ways to strengthen bilateral cooperation in the near future.
Daniela Stoffel Delbrück highlighted the importance of the UAE-Switzerland Strategic Financial Dialogue, saying it is an important platform to strengthen the financial and economic partnership between the two countries.
He said: “The dialogue was a great success, fostering cooperation and building stronger relationships between the financial institutions of both countries. We look forward to continuing this cooperation to support growth opportunities within the financial sector.” ”.
The 6th Financial Dialogue between the UAE and Switzerland addressed key economic and financial developments at both international and regional levels. Discussions covered topics related to the G20, the Financial Stability Board, the International Monetary Fund, and the macroeconomic outlook for both countries.
The participants also exchanged views on recent tax-related developments, exchanged views on international taxation, and discussed advances in regulatory policies, especially regarding digital finance, virtual asset regulation, AML/CFT developments, and cooperation in financial markets. .
At the end of the meeting, both sides emphasized the importance of strengthening bilateral and international cooperation to contribute to global economic growth and improving the international financial system.
The Ministry of Finance and the Federal Ministry of Finance will strengthen bilateral relations by fostering cooperation between the two countries, maintaining financial dialogue as a strategic platform to promote economic growth and support financial stability and innovation. We reaffirmed this commitment.
