Dubai-Canada trade sees 61pc growth
Dubai, July 9, 2014
Dubai’s foreign trade with Canada recorded a 61 per cent growth in the first quarter of the year valued at Dh2 billion ($544.3 million) as compared to Dh1.3 billion for the same period last year, said a top official.
At a meeting in Canada with Canadian Minister of International Trade Ed Fast, Sultan Ahmed Bin Sulayem, chairman of Ports, Customs and Free Zone Corporation, discussed the future prospects of co-operation between PCFC and the Canadian government.
Sulayem highlighted the role of DP World in supporting the Vancouver Port by managing a major container terminal at the port, which is considered a main gate for trade between markets in Canada, Asia and the Indian ocean.
“We endeavour at PCFC to nurture strong business relations between DP World and Canada in terms of seaports management, based on the fruitful results already achieved by their joint cooperation which is to be further reinforced in the near future,” said Sulayem.
The PCFC is committed to support the economic ties between the UAE and Canada, as reflected by their growing bilateral trade that surged 53 per cent last year to Dh9.2 billion ($2.5 billion) compared to Dh6 billion in 2012, he said.
The Canadian Foreign Trade Minister hailed DP World’s contribution to the development of Canadian ports services, through its exceptional management of a containers terminal at Vancouver Port.
He also stressed strengthening ties of cooperation in this area in order to benefit from the vast experience of DP World in running a large network of ports around the globe.
DP World-Vancouver terminal is located in the inner harbour of downtown Vancouver, and is a key gateway port for the Trans-Pacific Trades between Asia and the Pacific North West.
In addition to serving the local market for British Columbia, DP World Vancouver provides direct daily intermodal rail connection to the important markets of Eastern Canada and the US Mid West, covered by both Canadian Pacific (CP) and Canada National (CN) railway.
The visit also included a meeting with a number of business leaders in Vancouver, in the presence of Sheikh Abdullah bin Zayed.
Sulayem presented the UAE’s investment potentials backed by a conducive legal infrastructure. The advanced services offered in seaports and airports and the overall country’s infrastructure fulfils the highest global standards, he added. - TradeArabia News Service