Dubai’s non-oil trade with Colombia reached AED506 million in 2016

Dubai / WAM

Hamad Buamim, President and CEO of the Dubai Chamber of Commerce and Industry, DCCI, revealed that Dubai’s non-oil trade with Colombia reached AED506 million in 2016, a 200 percent increase from 2012.
Speaking at the end of a visit by a high-level delegation of the DCCI to Colombia, he noted that there is still potential to boost Colombian exports of flowers, fruits, coffee, and cocoa to the emirate. He also urged key stakeholders from the country’s public and private sectors to enhance their co-operation with the emirate.
The DCCI’s delegation held a series of meetings in Bogota with Maria Lorena Gutierrez, Colombia’s Minister of Commerce, Industry and Tourism, and senior representatives from the Bogota Chamber of Commerce, Agricultural Association of Colombia, ProColombia, Colombian Federation of Chambers of Commerce, Colombian National Infrastructure Agency, Colombian Confederation of Chambers of Commerce, National Infrastructure Agency, Colombian Association of Flower Exporters, and the Colombian Farmers’ Association.
Colombia’s Minister of Commerce, Industry and Tourism noted that the Colombian President plans to lead a high-level delegation to the UAE before the end of 2017, which she said would greatly contribute to advancing bilateral relations.
Majid Saif Al Ghurair, Chairman of Dubai Chamber, explained the organisation is keen to explore new avenues of cooperation between Dubai-based businesses and their Colombian counterparts. He explained the signing of pacts to facilitate investor protection and avoid double taxation would be of significant importance in strengthening bilateral ties.