DUBAI, United Arab Emirates--(BUSINESS WIRE)--Chile held on to its spot as the second-largest destination market in Latin America for products exported from Dubai in 2015. In fact, the volume of trade between Dubai and Chile grew at an average annual rate of 12.2% between 2010 and 2015.
Last year, Dubai’s non-oil trade with Chile amounted to $184.67 million, up from $117.9 million in 2010. Re-exports grew by 47.9% to $59.7 million over the same period. Imports and exports, meanwhile, grew by 9.6% and 23.4%, respectively, to reach $116.8 million and $8.2 million.
These figures were released by Dubai Chamber of Commerce and Industry as it prepares to host the Global Business Forum on Latin America on November 9 and 10, 2016, at Atlantis – The Palm, Dubai, under the theme “Shifting Synergies”.
Chilean businesses are preparing to explore new avenues and opportunities for cooperation with the emirate as they plan to participate in the event.
“We look forward to welcoming our esteemed Latin American colleagues to the Forum to double down on our commitment to cooperate and strengthen trade ties with them,” said H.E. Hamad Buamim, President and CEO at Dubai Chamber. “Chile accounts for 13% of Dubai’s exports to Latin America, and remains a strategic partner in our efforts to develop economic ties with the continent.”
Organised under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, the Forum seeks to explore new investment and business opportunities between Latin America and the Middle East.
More than 500 prominent stakeholders are expected to attend and participate, including heads of state, ministers, policymakers, CEOs, business leaders, investors, heads of private banks, among other high-profile delegates.
Chile was among the world’s top ten recipients of investment into renewables in 2015. Such initiatives offer a platform for collaboration with the UAE and Dubai, which are investing heavily to realise its solar potential. Under the Dubai Clean Energy Strategy, the emirate aims to generate 7% of the emirate’s energy from clean sources by 2020.
Website for Global Business Forum on Latin America: http://www.gbflatinamerica.com
*Source: ME NewsWire