The Government reaches consensus to cooperate with the private sector for the promotion of commerce and investments; Aruba Trade Board

ORANJESTAD - On October 22, 2020, the Department of Economic Affairs, Commerce, and Industry signed an agreement to cooperate with the Chamber of Commerce, Aruba Trade and Industry Association, and Free Zone Aruba NV to formally establish the Aruba Trade Board.

This cooperation aims at supporting the local commerce targeting international business. Part of the cooperation is also to support economic diversification in Aruba by attracting quality investors and innovation in the new economic sectors. The Department of Foreign Affairs also plays an important role in this cooperation.

The Department of Economic Affairs, Commerce, and Industry signed an agreement to cooperate with the Chamber of Commerce, Aruba Trade and Industry Association, and Free Zone Aruba NV to formally establish the Aruba Trade Board.Many of these organizations have already been working unofficially in the Aruba Trade Board, joining knowledge and expertise with the goal to create new business and commerce opportunities for the local companies and to work together to portray Aruba to foreign potential investors. With the formalization of the Aruba Trade Board, this platform will have more authority to cluster their work, execute tasks, and organizing activities to help local businesses do business in foreign countries and attract investors in new economic sectors.   

The formalization also means that the Government complies with the proposal of the Masterplan ‘Repositioning our Sails’ to help impulse the local economy during these days of the pandemic. It also meets the actions presented in the National Strategic Plan Aruba to formalize the Aruba Trade Board.

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