Dubai, 21st Dec. 2008 (WAM) -- Dubai Export Development Corporation (EDC) has signed a Tradelink Partnership with the German Industry and Commerce Office Oman/Qatar/United Arab Emirates (AHK) to help increase trade between Dubai and Germany based businesses.
The Partnership aims for both EDC and AHK to develop and promote trade linkages between the two economies through the organisation and promotion of joint activities as well as through the sharing of information and the provision of introductions and advice in order to minimise barriers to trade. The Partnership also notes that training and temporary staff exchange programs will be explored. "There are a number of German companies operating in Dubai and there are an increasing number of Dubai based companies that we are working with who are already operating in Germany or are considering doing so. This Tradelink Partnership acknowledges the commitment of both EDC and AHK to making positive contributions to the German and UAE economies," said Engineer Saad Al Awadi, Chief Executive Officer, Dubai Export Development Corporation. Germany and the United Arab Emirates enjoy a long and established history of trade. Dubais 2007 exports to Germany amounted to AED188.4 million, a growth of 41 per cent as compared to the 2006 figure of AED133.3 million. In 2007, Dubai imported goods from Germany amounting to AED18.7 billion, a growth of 25.5 per cent when compared to the 2006 figure of AED14.9 billion. Dubais top exports to Germany are stone, cement, ceramic and glass products followed by plastics and rubber products. Machinery, electrical and electronics equipment is the category with the highest value import value from Germany to Dubai, followed by vehicle, aircraft & transport equipment. The increased cooperation of the two organisations supports EDCs current campaign to make Made in Dubai a stamp of quality that is recognised across the world. EDCs Exporter facilitation Model works with Dubai based exporters in the three main areas of Export Preparation, Facilitation and International Assistance. Dubai Export Development Corporation (EDC) has been established to provide Dubai companies with assistance and services required to export and expand their international business. The German Industry and Commerce Office Oman / Qatar / United Arab Emirates (AHK) has been established to provide German companies with assistance and services required to export and expand their international business, and attract investment to Germany.Copyright Emirates News Agency (WAM) 2008.
