Dubai Chamber signs two collaborative MoU agreements

The Dubai Chamber of Commerce and Industry announced this week that it has signed Memorandums of Understanding (MoUs) with the Hungary Chamber of Commerce and Industry and the Hungarian National Trading House.

A third collaborative agreement was signed by Ivanka Factory Plc, Hungary and Sensi Trading LLC.

According to the agreement, the Dubai and Hungary Chambers will endorse commercial trades and exchanges and economic partnerships among their business communities. The exchanges will also include information and experience, and both sideS will organize networking conferences, exhibitions and trade missions.

The MoU signed by the Dubai Chamber and the Hungarian National Trading House will focus on forming stronger trade and economic collaborations -- and the free trade of information -- while developing small and medium-sized business activities through trade fairs and economic events. The third agreement, which includes Ivanka Factory Plc, Hungary and Sensi Trading LLC, mirrors the second agreement in that it, too, stresses increasing trade between companies.

The signing ceremony was conducted at the Country Focus Briefing in Hungary and was arranged by the Dubai Chamber, along with the Hungarian Embassy in the UAE.