Browsing: Dubai-africa trade

The GBF Africa notes that African countries have made a remarkable progress under the AfCFTA. Dubai offers a strong platform for African economies and products to enhance their international reach. www.theexchange.africa

Dubai’s position as a gateway for African trade strengthens

Investing

Speaking during a session titled The Evolution of Global Trade, at the ongoing Global Business Forum Africa 2021 in Dubai, Bin Sulayem highlighted the need to accelerate procedures for economic integration between the African states taking part in the African Continental Free Trade Area (AfCFTA), as well as obstacles hindering its success.

He reiterated the importance of establishing comprehensive economic partnerships and benefit from Dubai’s leading position a strategic trade hub connecting Africa and the region.…

Dubai's food and beverage trade with Africa

Dubai’s food and beverage trade with Africa see’s 18% growth

Industry and Trade

The Dubai-Africa trade is slowly gaining momentum at awakening speeding with Africa presently emerging as one of the most important markets for the United Arab Emirates.

In the latest analysis by the new Dubai Chamber, the Dubai-Africa trade has shown significant growth in Dubai’s food and beverage trade, excluding tobacco, that has reached $13.9 billion during the period of 2015-2020.

This sector has been identified as a key factor expected to drive bilateral trade in the short-term.

According to the new Dubai chamber report, In 2020 the value of food and beverage trade (excluding tobacco) between Dubai and Africa amounted to $2.4 billion in food and beverage trade, marking a growth rate of 18 percent compared to the previous year and the highest level since 2017.

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Dubai’s food and beverage trade with Africa accounted for around 13% of …