The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
Dubai non-oil external trade with South Korea grew eight percent in 2017 to reach AED27.43 billion, of which AED22.1 billion were in imports, AED 4.47 billion in exports and AED866 million in re-exports, compared to 2016.
South Korea is Dubai’s eighth biggest trade partner in imports and ninth in exports.
Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence, said, “Trade with South Korea is gaining more and more weight and value especially after signing the AEO mutual recognition agreement with them. This helps unfold horizons of mutual trade and facilitations between us which includes carrying out the clearance process before arrival of cargo to the port.â€
Kazim pointed out that growth in trade with Korea in 2017 invites for more and better results in the future.