Washington: Kuwaiti Ambassador to the US, Sheikha Al-Zain Al-Sabah, recently met with US Secretary of Commerce, Howard Lutnick, to explore avenues for enhancing bilateral relations and economic cooperation.
According to Kuwait News Agency, Sheikha Al-Zain emphasized the deep-rooted partnership between the US and Kuwait, highlighting the diplomatic efforts that led to the formation of an international coalition for the liberation of Kuwait in February 1991.
Sheikha Al-Zain noted the significant impact of this historic event on the Kuwaiti people, expressing profound gratitude to the US for its role in 1991. In response, Secretary Lutnick reaffirmed the enduring importance of these historical ties. The ambassador also reflected on the joint pride in their shared history, particularly the success of Operations Desert Shield and Desert Storm, which were supported by an innovative financial model funded by Kuwait and allied contributions, sparing the US and its taxpayers from financial burdens.
Further, Sheikha Al-Zain highlighted the international cooperation during the Gulf War, particularly in combating the massive fires in Kuwait's oil fields. She praised the extraordinary efforts of Kuwaiti firefighters, engineers, and oil specialists who collaborated with international teams, showcasing remarkable skills and innovation. The swift mobilization of joint efforts, along with the expertise of American firms, underscored the strength of global cooperation in overcoming environmental and economic challenges.
On the economic front, Sheikha Al-Zain reiterated Kuwait's commitment to open-market policies and low tariff rates, which facilitate business and trade with partners, including the US. She highlighted that Kuwait imposes no protectionist tariffs on American products, with many goods, especially those for US military operations, being exempt under national laws and economic agreements. Secretary Lutnick praised Kuwait's openness, seeing it as a key element in strengthening future economic relations.
In terms of investment, Sheikha Al-Zain underscored Kuwait's significant economic presence in the US, driven by institutions like the Kuwait Investment Authority and the Public Institution for Social Security, along with private sector investments. These substantial and strategic investments reflect Kuwait's confidence in the American economy's long-term strength and growth. Secretary Lutnick acknowledged the importance of these investments in deepening economic ties between the two countries.
The meeting concluded with Secretary Lutnick expressing gratitude for the productive discussions and committing to further strengthening US-Kuwait relations, while Sheikha Al-Zain reiterated Kuwait's dedication to the prosperity and continuation of these bilateral relations.