The Australian Prime Minister, Scott Morrison, has launched the first Australia-United Arab Emirates Business Council in Sydney.
The Council aims to strengthen bilateral trade and investment as well as expand opportunities.
Dr Anwar bin Mohammed Gargash, UAE Minister of State for Foreign Affairs has welcomed the launch.
In a video message, Dr Anwar Gargash said, "Since the establishment of diplomatic relations in 1975, the UAE and Australia have been bound together by strong and longstanding ties, ranging from trade, tourism, investment, and culture, to people-to-people contacts, ultimately leading to a mutual benefit for both our nations."
"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.
Australian Co-Chair, Christopher 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."
He noted that "The Council will allow Australian and Emirati businesses an unparalleled chance to connect with decision-makers in both government and enterprise to better foster and understand future requirements and opportunities."