INTERNATIONAL

The Minister of Industry and Trade discusses strengthening cooperation with the French ambassador to tackle economic challenges.

Minister of Industry and Trade Discusses Economic Cooperation with French Ambassador

In a significant meeting held today in the temporary capital of Aden, Minister of Industry and Trade, Mohammed Al-Ashwal, engaged with French Ambassador to Yemen, Catherine Grameau, to explore ways to enhance cooperation and coordination in addressing economic and trade challenges. This dialogue comes amid the extraordinary circumstances currently facing Yemen.

Addressing Economic Challenges

During the meeting, both officials discussed various economic and trade issues, focusing on the difficulties posed by the Houthi militia’s threats in the Red Sea. These threats have adversely affected international shipping and, consequently, Yemen’s trade activities. The discussions highlighted the critical need for ongoing regional and international support for the Yemeni government’s comprehensive reform program. This support aims to open new avenues for trade cooperation, improve the trade balance between Yemen and France, and leverage advanced French expertise and industries to foster sustainable strategic partnerships that contribute to economic development.

Importance of Oil Exports

The meeting underscored the necessity of resuming crude oil exports to bolster the state’s public resources. Al-Ashwal emphasized that this would positively impact essential services, enhance the investment environment, and improve the living conditions of citizens. He also pointed out that the humanitarian crisis has worsened due to the actions of the Houthi militia.

The Impact of War on the Economy

Al-Ashwal stated, “The war instigated by the Houthi militia has severely affected the humanitarian and economic situation, leading many private sector entities to relocate abroad.” He reiterated the government’s commitment to preserving the remaining national capital within Yemen while supporting expatriate private sector initiatives through the establishment of Yemeni business councils in host countries. He warned that the continuation of the war exacerbates the situation, particularly with the halt in oil exports, which has led to a significant depreciation of the national currency and a decline in individual incomes. He stressed the importance of adhering to the government’s plan for economic reform and comprehensive recovery.

Support for Entrepreneurs

The Minister also confirmed that the ministry is committed to facilitating opportunities for entrepreneurs and small business owners. Several cooperation agreements have been signed with incubators for entrepreneurship and small to medium-sized enterprises to support and advance these initiatives, thereby contributing to economic development. He expressed gratitude for the generous support from allies, including Saudi Arabia, the United Arab Emirates, and the European Union, particularly France. Al-Ashwal emphasized the importance of continued governmental support to fulfill national responsibilities, improve overall conditions, and stabilize the national economy.

French Ambassador’s Commitment

In response, Ambassador Grameau expressed her appreciation for the Yemeni government’s efforts to improve public conditions and provide services to citizens. She reaffirmed her government’s commitment to supporting Yemen, both its people and government, in mitigating the impacts of the ongoing economic, trade, and humanitarian crises.

Meeting Attendees

The meeting also included ministry officials, including Deputy Ministers Ali Atef Al-Sharafi, Mohammed Al-Humaidi, and Dr. Atef Haidara, who contributed to the discussions on enhancing Yemen’s economic landscape.

To follow the news in Arabic

Salam Noor

Recent Posts

Bahrain’s general and Islamic indices close higher, reflecting positive market performance.

https://yementv.tv/wp-content/uploads/2025/07/7.jpg Bahrain Stock Market Update: Indices Rise The Bahrain All Share Index closed today at…

2 hours ago

The Presidency of the Parliament held a meeting in the temporary capital, Aden.

Meeting of the Presidential Council of the House of Representatives On Wednesday, the Presidential Council…

2 hours ago

Council member Aidarus al-Zubaidi emphasizes the crucial role of Gulf Cooperation Council nations in restoring stability to Yemen.

Gulf Cooperation Council's Role in Yemen's Peace Efforts Highlighted Riyadh Meeting Focuses on Political and…

3 hours ago

The Arab League calls for the renewal of the international mandate for UNRWA in the occupied territories.

Arab League Calls for Immediate Action Against Israeli Knesset Decision The Arab League has urged…

4 hours ago

The Israeli assault on Gaza has resulted in 57,012 fatalities and 134,592 injuries, according to recent reports.

Rising Casualties in Gaza Conflict The ongoing Israeli aggression in Gaza has led to a…

5 hours ago

The Minister of Information condemned the brutal killing of Sheikh Hantous by Houthi militias, highlighting their terrorist agenda.

https://yementv.tv/wp-content/uploads/2024/11/الارياني-3.jpeg Minister Condemns Houthi Attack on Prominent Quran Teacher Tragic Incident in Al-Raimah Governorate Minister…

7 hours ago