Governor of UAE Central Bank criticizes US politicizing of economics
Dubai, March 14, IRNA
 

UAE-Central Bank-US
United Arab Emirate's Governor of Central Bank here on Monday strongly criticized what he called "politicizing of economics by the US Administration."
Sultan bin-Naser al-Suwaidi's criticism was related to the way the US officials have dealt with the UAE's Dubai Ports (DP) World Company, which he said "stand in direct contrast with the rules of
international free trade.

According to IRNA correspondent in Dubai, he added, "mixing up politics with commerce in the United States and the raised hue and cry over DP World's new responsibility to take up the management of US ports might leave negative effects on US-UAE trade ties."
He meanwhile stressed, "The matter would of course not affect the bilateral free trade pact, but the foreign investors would naturally think twice before making new investments in the United States following the DP World's experience, and view the matter keeping in mind new conservation."
Al-Suwiadi's comments are made at a time when a number of US officials, and some US Congressmen are visiting the UAE and they have all stressed Washington's commitment to its business ties with UAE, and called that country "a good US partner in international campaign against terrorism."
Dubai Ports World's transfer of US port operations to a US entity was the result of a "political decision" by the United Arab Emirates government to help its "friends" in the United States, an Emirati official said Thursday.

Dubai government owned company is to sell its US port operations, officials said Thursday in a move that spared President George W. Bush from a showdown with Congress.

Dubai Ports World (DP World) made the announcement after leading Republicans told President George W. Bush that the takeover would be blocked by Congress.

A power play by the US Congress that forced an Arab company to sell its US ports operations sends the wrong message to allies, US President George W. Bush said Friday.



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