Following the inauguration of the contemporary Emirates Hospital in Gbarpolu County, the Government of the Republic of Liberia and the United Arab Emirates signed a bilateral cooperation agreement. The purpose of the agreement is to foster economic and technical cooperation between the two nations on the basis of equality, reciprocity, and mutual benefits. The agreement was signed in Bopolu, which is located in the county of Gbarpolu.
On Wednesday, December 28, 2022, the agreement was signed in the city of Bopolu, which is located in the county of Gbarpolu.
In addition, the agreement stated that the contracting parties would cooperate in the following areas: trade in goods and services, investment, agriculture (including activities related to agro-processing), livestock, fishing, and the purchase or lease of agricultural lands; energy and renewable energy; mining and industry; infrastructure, construction, and real estate; tourism; telecommunications; and transportation.
“The Contracting Parties may decide to cooperate in other areas that appear to be more advantageous” “Considering the priorities of the economic policies of the states that are Parties, the Contracting Parties may decide to cooperate in other areas that appear to be more advantageous.”
“To implement the economic and technical cooperation outlined in this agreement, the contracting parties shall encourage relevant specialized entities and business communities to explore the possibilities of executing projects in various areas of economic and technical cooperation,” the agreement stated. “The contracting parties shall encourage relevant specialized entities and business communities to explore the possibilities of executing projects in various areas of economic and technical cooperation.”
In addition, the agreement stated that the parties to the contract are obligated to provide special facilities and incentives to investors in both countries if doing so is consistent with the domestic legislation that is currently in effect in each of those countries as well as their international obligations and commitments.
“Support and encourage the exchange of visits by business delegations,” the agreement intoned. “The Contracting Parties shall encourage the participation of their business communities in international fairs and exhibitions held in both countries.” “The Contracting Parties shall encourage the participation of their business communities in international fairs and exhibitions held in both countries.”
H.E. Sheikh Shakhboot Nahyan Al Nahyan, Member of the Royal Family and Minister of State at the Ministry of Foreign Affairs and International Cooperation in the United Arab Emirates, and H.E. Amb. Dee-Maxwell Saah Kemayah, Sr., Minister of Foreign Affairs and Dean of the Cabinet of the Republic of Liberia, respectively, signed on behalf of the United Arab Emirates and the Republic of Liberia.
The agreement is a component of the one-of-a-kind relationship that currently exists between the two nations. This relationship can be plainly observed in the numerous ways in which the UAE has assisted Liberia, the most notable of which was the building of the Emirates Hospital in Gbarpolu County.
