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
 Nov 26 2014 - Kuwait's Mabanee to invest USD910m on projectMENAFN
(MENAFN) Mabanee, the Kuwaiti real estate firm, announced it is planning to spend USD910 million on building the fourth phase of its development of The Avenues mall, Arabian Business reported.The ...

 Nov 26 2014 - Oman's Sezad, OOC sign MoU on Duqm refineryMENAFN
(MENAFN) The Special Economic Zone Authority of Duqm (Sezad) announced it has signed a Memorandum of Understanding with the Oman Oil Company (OOC) regarding construction work on the planned refinery ...

 Nov 26 2014 - Emirates Airlines adds new flight to Maldives routeMENAFN
(MENAFN) Dubai's Emirates Airline announced it has added a third daily service to Mal", the capital of the Maldives, which will begin servicing passengers on December 1, Arabian Business reported.The ...

 Nov 26 2014 - Abu Dhabi Int'l passenger traffic up 17 percent in OctoberMENAFN
(MENAFN) Abu Dhabi International Airport announced that it registered an increase by 17 percent in its passenger in October, Arabian Business reported.The airport said that it has registered a total ...

 Nov 26 2014 - Oman's Rolls-Royce sales grow 46 percent in Jan.-Oct.MENAFN
(MENAFN) Rolls-Royce Motors announced it has registered an increase in its sales in Oman by 46 percent during the January-October period, compared to the same period last year, Times of Oman ...

 Nov 26 2014 - GCC petrochemical industry to decline on falling oil pricesMENAFN
(MENAFN) Gulf countries' petrochemical industry is expected to begin facing challenges due to the falling of oil prices, US shale gas and China's polyethylene, Khaleej Times reported.These factors ...

 Nov 26 2014 - Syrian economy decline 40 percentMENAFN
(MENAFN) According to the Undersecretary General for Humanitarian Affairs and Emergency Relief Coordinator, Syria's economy has declined by almost 40 percent since 2011, due to the effects of the ...

 Nov 26 2014 - Qatar to invest USD43.62b on railways infrastructureMENAFN
Qatar's Ministry of Transportation announced it is currently working on the development of advanced transport infrastructure in the country, with several projects currently in the planning stages or ...

 Nov 26 2014 - Dubai's Kcal to expand to EgyptMENAFN
(MENAFN) Kcal, the Dubai-based restaurant chain announced it is planning to expand its business in the MENA region with its first store slated to open in Egypt by December this year, followed by 14 ...

 Nov 26 2014 - MENA's value of M&A deals hit USD9.3b in Q3MENAFN
(MENAFN) The Middle East and North Africa's (MENA) merger and acquisition activity increased by 17 percent during the July-September period of this year, with 109 deals announced compared with 93 ...

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

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