United Arab Emirates and Council on Competitiveness Sign Cooperative Agreement

Commitment to Strengthen US-UAE Relationship Comes One Week After President
Obama Calls for Enhanced Collaboration with Middle East

WASHINGTON, June 10 /PRNewswire-USNewswire/ -- Today, the Council on
Competitiveness and the Emirates Competitiveness Council signed an agreement
that will enhance economic cooperation between the United States and the
United Arab Emirates. The formal Memorandum of Understanding (MOU) will
initiate public and private sector partnerships to promote sustainable
economic growth, develop global competitiveness policies, and foster
high-value innovation in both nations.

Chad Holliday, Chairman of DuPont and the Council on Competitiveness,
participated in today's event. "Last week, President Obama called for
enhanced collaboration with the Middle East. Not only do we strongly agree,
but we have taken that call very seriously," said Holliday. "We recently
signed agreements with the Kingdom of Saudi Arabia, with Egypt, and today with
the United Arab Emirates. It is our sincere hope that this is just the
beginning of a new economic era with our partners in that part of the world."
(Watch an exclusive interview with Holliday)

Deborah L. Wince-Smith, President of the Council on Competitiveness, was
thrilled, "At the Council, we believe that a rising tide lifts all boats. When
America successfully collaborates with our international partners, it results
in shared prosperity for everyone. Today's agreement is a tremendous step in
that direction."

On September 25, 2009 in Washington, DC, the Council will launch a network of
the leaders of Competitiveness Councils from around the world. This "Council
of Councils" will bring together existing national competitiveness
organizations, stimulate the creation of new ones, and foster ongoing national
and global economic collaboration.

Go to CompeteTV and Flickr to see more coverage of today's event.

About the Council on Competitiveness -- CEOs, university presidents and labor
leaders working to ensure U.S. prosperity.

SOURCE Council on Competitiveness

Matthew Faraci, +1-202-969-3387, mfaraci@compete.org, or Jennifer Carr,
+1-202-969-3405, jcarr@compete.org, both of the Council on Competitiveness