KUWAIT: The Chamber of Commerce and Industry held a virtual meeting this week with its Maltese counterpart discussing means of promoting the mutual commercial partnership and coordination in various sectors. The chamber said in a statement that Kuwait, given its strategic geographic location and solid economy, constitutes a promising market for innovation and expansion while Malta is distinguished with a prosperous economy, innovation potentials and skilled labor forces, making it a hub for technology, financial services, tourism and education. For the sake of boosting commercial and investment flows between the two countries, there must be emphasis on diversifying swapped commodities, increasing direct investments, executing joint ventures and working out economic accords. The chamber during the long-distance meeting shed light on promising realms of cooperation, namely innovation, technology, sustainable development, energy, tourism, cultural exchange, education, evolving skills, financial services and investments.

The statement quoted the Maltese Ambassador to the State of Kuwait, George A Said-Zamit, as saying that the meeting was the fruit of longstanding relationship, indicating that the two sides examined prospects of enhancing cooperation at diverse levels. Chairperson of the Maltese Chamber of Industry and Commerce Vassalo Cezareo called for activating the trade relationship between the two countries, especially in the fields of education, innovation, technology, logistical and health services. During the meeting, the two sides viewed a virtual presentation about Gozo Island, a Maltese island, regarding the available opportunities in the digital and health sectors. Another presentation by the Maltese Economic Development Agency shed light on Malta's taxation system, means of supporting startups and medium enterprises, the country's advanced industries, including medical equipment, digital innovation, logistical and financial services as well as aviation. — KUNA