(MENAFNEditorial)
World Trade Organisation Report says UAE occupies 12th and 10th positions respectively on the list of leading exporters and importers in world trade in commercial services
UAE steered ahead of Norway, Malaysia, Indonesia and New Zealand with exports valued at $ 63 billion and imports at $ 82 billion
Dubai, United Arab Emirates, December 17th 2017: HH Sheikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai Department of Information, inaugurated the International Autumn Trade Fair (IATF) today (December 17th 2017) at Dubai International Convention and Exhibition Centre (DICEC).
'IATF has enabled the creation of a remarkable trade landscape in the country. With VAT to be introduced soon, UAE citizens and trade partners can expect a positive influence on trade and economy. VAT has been implemented after careful consideration and consultation with businessmen, banks and economic bodies. As such, the trade and commerce activities will only see a positive growth with the incorporation of this new tax regime, said HH Sheikh Hasher Bin Maktoum Al Maktoum.
A report by World Trade Organisation indicates that UAE occupies the 12th and 10th position respectively on the list of leading exporters and importers in world trade in commercial services. The country has steered ahead of Norway, Malaysia, Indonesia and New Zealand with exports valued at $63 billion and imports at $82 billion.
'IATF has confirmed its status as a leading trade fair in the region. Year after year, the exhibition has not only seen an increase in participation, but also witnessed the best players from the industry extending their cooperation to it. This not only sustains Dubai's strategic position in the re-export sector, but also recognises the comprehensive trade landscape that the city offers, said HH Sheikh Hasher Bin Maktoum Al Maktoum.
With everything under one roof, IATF 2017 is a giant destination featuring new and exciting products to an ever-evolving, insatiable and sophisticated MENA market.
'IATF is more than just a trade fair or an exhibition. It is a strategic platform that not only fosters cooperation among traders, but also paves way for the economic development of the country, said Satish Khanna, General Manager of Al Fajer Information & Services and organisers of International Autumn Trade Fair (IATF) 2017.
'This year's IATF takes place at a time when the UAE is recognised as the global hotspot for trade and services. In recent years, the country has not only boosted its trade capabilities, but also improved cooperation with countries around the world to make economic reforms more meaningful at the grassroots, added Satish Khanna.
'UAE has established itself as a strong player in merchandise and commercial services trade. The country is well positioned to offer not only great prospects for the business community, but also generate jobs across varied sectors. With this in mind, IATF this year aims to bring new opportunities for entrepreneurs and professionals to establish business relations as well as promote their businesses, said Rupashree Singh, Exhibition Manager.
'The trade fair is an opportunity to connect with some of the lesser known brands who are keen to establish in this rich and return on investment market, and will not only showcase innovative products and services, but also shed light on the well-regulated UAE trade policies and practices, added Rupashree Singh.
Representing a global hub of unparalleled potential, the 32nd edition of IATF witnesses participation from 92 companies from Armenia, China, India, Italy, Japan, Korea, United Arab Emirates and United Kingdom.
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