DED extends German tradelink ties
Dubai, December 22, 2011
Dubai Exports, an agency of the Department of Economic Development (DED), has extended its extends tradelink partnership with the German Emirati Joint Council for Industry & Commerce (AHK).
Saed Al Awadi, CEO of Dubai Exports and Dr Peter Goepfrich, chief executive officer, AHK signed the partnership agreement.
Through this strategic partnership, both organisations aim to enhance cooperation in promoting bilateral trade for development of exports and investment relations between Dubai, the UAE and Germany.
According to the Dubai Export Monitor, the emirate’s total direct exports to Germany in 2010 amounted to Dh369.15 million while the total direct re-exports posted Dh634.56 million in the same year. Meanwhile, Dubai’s total Free Zone exports were worth Dh818.04 million.
'Germany and Dubai have a history of trade and cooperation with a large number of German companies already based here while some of our local companies are doing business in the said country.'
'The Tradelink Partnership serves as a platform for us to assist our members in exporting and enhancing their presence in both markets,” said Al Awadi.
Under the Tradelink Agreement, both organisations will mutually seek research topics and information on trade and exports encouraging their members to expand in the two markets.
Goepfrich said that the tradelink partnership acknowledges the commitment of both Dubai Exports and AHK in making positive contributions to the German and UAE economies.
“Also part of the cooperation areas is exploring options of organising joint activities, events and trade missions to facilitate trade and investment with countries in their surrounding geographical regions,” he added.-TradeArabia News Service