Quotes: US 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
 Oct 23 2014 - UAE's Mazaya net profit hits USD in 9MMENAFN
(MENAFN) Al Mazaya Holding Company announced that it recorded a net profit of USD20 million in the January-September period of this year, compared to USD 2.920 million recorded during the ...

 Oct 23 2014 - Saudi Arabia's ACWA to focus on renewable energy projectsMENAFN
(MENAFN) ACWA Power, the Saudi Arabia-based power and water project developer, announced it is planning to secure financing for USD15 billion worth of projects, nearly half of which are in renewable ...

 Oct 23 2014 - UAE's Masdar to build USD125m wind farm in OmanMENAFN
(MENAFN) Masdar, the Abu Dhabi energy company, announced it is planning to build a 50-megawatt wind farm in Oman, which will help the sultanate with providing 16.000 homes with clean energy, Arab ...

 Oct 23 2014 - UAE's Deyaar net profit hits USD52.54m in 9MMENAFN
(MENAFN) Deyaar Development announced it registered a net profit of USD52.54 million during the January-September period, compared to USD23.72 million registered during the corresponding period last ...

 Oct 23 2014 - Saudi Aramco, Chinese Sepco sign a dealMENAFN
(MENAFN) Saudi Aramco announced it has signed a contract with China's Shandong Electric Power Construction Corporation (Sepco) for a project involving the expanding of the capacity of the main gas ...

 Oct 23 2014 - Qatar Airways to launch new service to BangkokMENAFN
(MENAFN) Qatar Airways announced it will be launching a new service on its new A380 aircraft to Bangkok starting next January following its successful launch of the service to London's Heathrow ...

 Oct 23 2014 - 18m vehicles likely on Saudi roads by year-endArab News
(MENAFN - Arab News) Eighteen million licensed vehicles are likely to be on Saudi roads by the end of this year from 17 million last year according to a study published by Al-Eqtisadiah daily. The ...

 Oct 23 2014 - Qatar Digital Library launchedThe Peninsula
(MENAFN - The Peninsula) Over half a million pages of archives and manuscripts on the history of Qatar and the Gulf and Arab Islamic sciences are available free online with the launch of Qatar ...

 Oct 23 2014 - Qatar- Deals with Turkey agencies to educate Syrian refugeesThe Peninsula
(MENAFN - The Peninsula) H H Sheikha Moza bint Nasser, Chairperson, Education Above All, yesterday witnessed the signing of two memorandums of understanding between EAA and two Turkish development ...

 Oct 22 2014 - Saudi- Pak expats recall soldiers' braveryArab News
(MENAFN - Arab News) Mavra a Riyadh-based women's literary and cultural organization celebrated Pakistan Defense Day aimed at paying tribute to the country's armed forces.In the first part of the ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help