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.


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 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).


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 27 2016 -  Pakistan's Habib Bank marks 75 years aims to build on long historyMuscat Daily
(MENAFN - Muscat Daily) Muscat- Pakistan's first and largest bank, Habib Bank Limited (HBL), celebrated its 75th anniversary at Al Falaj Hotel on Wednesday. HBL was formed in 1941 and has ...

 Oct 27 2016 - SAF Chief of Staff receives British military officialMuscat Daily
(MENAFN - Muscat Daily) Muscat- Lt Gen Ahmed bin Harith al Nabhani, Chief of Staff of the Sultan's Armed Forces (SAF) received on Wednesday Maj Gen Stuart Skeates, Standing Joint Force Commander of ...

 Oct 27 2016 -  UAE Deputy Prime Minister arrives in MuscatMuscat Daily
(MENAFN - Muscat Daily) Muscat- Sheikh Mansour bin Zayed al Nahyan, UAE Deputy Prime Minister and Minister of Presidential Affairs, arrived on a two-day visit to the Sultanate. He was received ...

 Oct 27 2016 - Oman- Phase two of Tanfeedh ends results to be made public from Nov 20-22Muscat Daily
(MENAFN - Muscat Daily) Muscat- Tanfeedh participants on Wednesday completed six weeks of hardwork to create a draft roadmap of Oman's economic diversification strategy. Participants gathered at ...

 Oct 27 2016 - Eight Omanis to embark on a 20,000km road trip to Rwanda and TanzaniaMuscat Daily
(MENAFN - Muscat Daily) Muscat- A group of eight Omanis will begin a journey to retrace Oman's historical and cultural roots in Africa by driving from Muscat to Kigali in Rwanda and then Dar es ...

 Oct 27 2016 -  HEAD-TO-HEAD-TO-HEAD: PS4 Pro vs Xbox 'Project Scorpio' vs Nintendo SwitchKhaleej Times
(MENAFN - Khaleej Times) Remember this article? While it only discussed Nintendo's console history, it was a bit gratifying that I was able to use words like "party", "rumble" and "brawl" to ...

 Oct 27 2016 - After Note 7, now Samsung's Galaxy S7 Edge explodes in USKhaleej Times
(MENAFN - Khaleej Times) After the Note 7 fiasco, a Samsung Galaxy S7 Edge owner in the US has claimed that the device which he received as a replacement for the Note 7 exploded while charging. ...

 Oct 27 2016 -  527 South Koreans sue Samsung over Note7 recallKhaleej Times
(MENAFN - Khaleej Times) Hundreds of South Korean Galaxy Note 7 smartphone owners filed a lawsuit against Samsung Electronics on Monday over its handling of the fire-prone device. Attorney Peter ...

 Oct 27 2016 - Blurring effect comes to iPhone 7 Plus with software updateKhaleej Times
(MENAFN - Khaleej Times) Apple's iPhone 7 Plus is getting a new camera capability - the blurring of backgrounds to focus attention on people or other objects in the foreground. Apple first ...

 Oct 27 2016 -  WhatsApp now has video calling but...Khaleej Times
(MENAFN - Khaleej Times) After giving WhatsApp that Snapchat feel, Facebook has rolled out a new feature to the world's most-used messaging app: video calling. And we were more than happy to check ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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