Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Chamber highlights trade potential of Latam  Join our daily free Newsletter

MENAFN - Khaleej Times - 23/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Mexico brazil chile and argentina in focus for investment

the dubai chamber of commerce and industry has issued four studies compiled by the economist intelligence unit or eiu on mexico brazil chile and argentina on the occasion of a high-profile uae official delegation visit to latin america headed by his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai.

coming as part of the dubai chamber’s initiative of highlighting and exploring upcoming economies of the world for its members the studies focus on important areas of investment potential for uae businesses while providing a clear guideline for the country’s investors to make the best of these opportunities.

hamad buamim president and chief executive officer of the dubai chamber stated that these studies which are in line with the dubai chamber’s new strategy of enhancing the competitiveness of dubai businesses in the overseas markets while stimulating the economic growth of the emirate has launched idubai market intelligence unit as one of the pillars of the strategy which provides stakeholders with statistical studies and reports on local regional and global markets and their investment potential.

buamim further stressed that these studies with their facts and figures help investors to make sound investment decisions in these promising markets while they also contribute to enhancing the competitiveness of dubai and the uae businesses to plan a successful strategy to explore and enter new markets.

he also informed about the dubai chamber’s plans to open a representative office in the brazilian capital sao paulo to provide a gateway to uae investors to enter the latin american market which he said promises ample investment opportunities for the country’s investors.

mexico

according to the report uae imports from mexico were over three times bigger than exports in 2013 as the planned reforms will increase competition in major and improve infrastructure and education as a result of which mexico’s structural-growth rate could rise from under 3.5 per cent to 4.5 per cent per annum.

the study states that the services sector accounted for 62 per cent of the gdp of mexico in 2013 followed by the manufacturing sector (18 per cent) oil and gas (eight per cent) construction (eight per cent) and agriculture and fisheries (three per cent) indicating that the presence of an extensive network of free trade agreements with over 50 countries make it easier for the country to trade with most parts of the world with access to over 70 per cent of global gdp.

the study adds that the leading exports of mexico during the year 2012 were manufactured goods (82 per cent) as automotive formed a major component of manufactured exports followed by oil (14 per cent) and agricultural products (three per cent) while the export markets were us taking on 78 per cent of mexican exports followed by canada (three per cent) spain (two per cent) and china (two per cent). vehicles were 21.6 per cent of the manufacturing sector and 18.9 per cent of mexico s exports in 2012.

also the expected growth of the mexican economy in 2014 comes from its developing consumer market diversity of its economy optimistic outlook for fdi and an improving business environment ensured by the commitment of the mexican government to increase investments are factors enhancing the strength of the mexican economy and luring investments to the country the report adds.

it further states that uae imports from mexico overshadowed exports in 2013 and was valued at 479 million as almost half of these imports (230 million) were trucks for the transport of goods machinery parts (52 million) organic chemicals (50 million) and electrical equipment (49 million) are also significant.

uae exports to mexico totalled 143 million. about two-thirds (94 million) of these exports consisted of aluminium. the remainder is spread thinly over a number of product categories the largest being machinery (12 million) iron and steel (8 million) and plastics (6 million).

brazil

another study on brazil commissioned by the dubai chamber and compiled by the eiu states that trade and consumer goods companies which stand to benefit from an increasing middle class are the leading drivers of the country’s economic growth.

figures quoted in the report on uae’s trade with brazil state that the emirates imports from brazil were over 2.5 billion in 2013 and consisted of raw sugarcane (452 million) refined sugar (409 million) and meat (605 million) mainly poultry. iron ore (257 million) is also significant while gold also accounted for 108 million of imports in 2013 up sharply from 50 million in 2012.

also uae exports to brazil totalled 611 million in 2013 out of which 430 million worth of exports consisted of petroleum oils (not crude) fertilizers (49 million) and ships and boats (49 million) were also prominent. trade was around 20 per cent of gdp in 2012.

— alvin?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Apr 1 2015 - UAE's The Luxury Closet obtains USD2.2m fundMENAFN
(MENAFN) Dubai-based The Luxury Closet, launched in 2011, reported the securing of USD2.2 million finances from its local venture capital investors, Arabian Business reported.The online platform, ...

 Apr 1 2015 - UAE economy forecasts USD400b food imports in 10 yearsMENAFN
(MENAFN) The UAE government expects that the food industry imports will increase to USD400 billion in ten years' time, marking a jump from 2014's USD100 billion, according to the UAE Minister of ...

 Apr 1 2015 - Canada's parliament votes to extend, expand anti-Daesh air strikes in SyriaJordan News Agency
(MENAFN - Jordan News Agency) Canada's parliament Monday has voted to extend air strikes against Daesh in Syria, in coordination with the United States.Federal MPs voted 142-129 in favor of a motion ...

 Apr 1 2015 - China completes evacuation of its nationals from YemenJordan News Agency
(MENAFN - Jordan News Agency) China completed on Tuesday the evacuation of its nationals from Yemen, with more than 570 people safely transported across the Red Sea to Djibouti to be flown ...

 Apr 1 2015 - Palestinian students suffocate by Israeli tear gasJordan News Agency
(MENAFN - Jordan News Agency) A number of Palestinian students Tuesday suffocated by tear gas fired by Israeli soldiers near Bethlehem.Member of Tekoa's village municipality, Zuhair Al-Shaer, told ...

 Apr 1 2015 - Israel demolishes room, fences in Wadi Al-Joz in JerusalemJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Tuesday bulldozed an area where Muslims perform their wudu (ablution) and a room in the Wadi Al-Joz neighborhood, north of occupied ...

 Apr 1 2015 - Floating storage and regasification unit arrives in Aqaba on May 25: ministerJordan News Agency
(MENAFN - Jordan News Agency) The floating storage and regasification unit (FSRU), which was leased for the liquefied natural gas terminal in Aqaba Port, will arrive in Aqaba on May 25, Minister of ...

 Apr 1 2015 - Treasury receives $57 million final payment of US grantJordan News Agency
(MENAFN - Jordan News Agency) The United States Agency for International Development (USAID) transferred to the Treasury account the second installment, its final payment, amounting to $57 million ...

 Apr 1 2015 - Third International Humanitarian Pledging Conference for Syria starts in KuwaitJordan News Agency
(MENAFN - Jordan News Agency) The Third International Humanitarian Pledging Conference for Syria opened in Kuwait on Tuesday with the participation of delegations from 78 countries and 40 ...

 Apr 1 2015 - 1dead, 1 injured in house fire in AjlounJordan News Agency
(MENAFN - Jordan News Agency) A 22-year-old man died and his father was injured on Tuesday by a house fire in Anjarah area in the northern Ajloun Governorate, Ajloun Civil Defence Department Director ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help