The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / Emirates Business
Peru’s Trade, Tourism and Investment Office has revealed that exports from Peru to the UAE have risen by almost 10,000 percent in seven years.
Exports from Peru to the Emirates increased from $6 million in 2011 to $600 million last year thanks to increasing demand from consumers and the ongoing work of the Trade, Tourism and Investment Office of Peru (TTIOP), the Dubai-based economic and commercial office of Peru’s Ministry of Foreign Trade and Tourism.
Since 2016, major UAE businesses such as DP World and Abu Dhabi Investment Authority have made multi-million-dollar investments in the country’s shipping, logistics and energy sectors thanks to the increase in trade and improving bi-lateral relations.
The Emirates imports vast quantities of goods from the South American country, including avocados, quinoa, and asparagus, gold, high-quality craft products and clothing.
The TTIOP has been able to increase exports to the UAE despite a variety of challenges, such as the distance between the two countries and a lack of awareness among businesses.