"Dubai Chamber" and "Expo" organize the "Global Business Forum" March 23

13.5 billion dirhams of Dubai's trade with Latin America within 6 months

The forum highlights investment opportunities in Dubai.

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A recent analysis of the Dubai Chamber of Commerce stated that the volume of non-oil trade exchange between Dubai and Latin American countries amounted to 13.5 billion dirhams in the first half of 2021, noting that Brazil came first with 24% of the total volume of non-oil trade exchange between the two parties. .

This analysis came on the sidelines of the Chamber's preparations to organize the Global Business Forum for Latin American Countries, which is held under the slogan "a solid economy for a promising tomorrow", under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and is based on three pillars. It aims to explore a range of investment and trade opportunities in Latin American and Caribbean countries.

The Chamber will organize the forum in cooperation with “Expo 2020 Dubai” during the 23rd and 24th of next March, to discuss important economic topics, focusing on strengthening economic cooperation between the United Arab Emirates and the countries of Latin America and the Caribbean Basin countries, and supporting efforts to recover the global economy, by upgrading economic partnerships. strategy, and consolidating bridges of economic cooperation between the Middle East and Latin America.

The forum will witness the participation of more than 50 countries, represented by more than 800 participants, including dignitaries, economic decision-makers, and investors from all over the world.

Regarding the most prominent players in the trade scene between Dubai and Latin American countries, Dubai Chamber data revealed that Brazil ranked first in the volume of non-oil trade exchange between Dubai and the countries of southern America in the first half of 2021, with the volume of non-oil trade exchange between the two parties reaching 3.27. billion dirhams, followed by Mexico and Peru with a total of 2.17 billion dirhams, and 2.

The volume of non-oil trade exchange between Dubai, Guyana and Suriname amounted to 1.28 billion dirhams and 1.1 billion dirhams, respectively.

The analysis confirmed the existence of huge economic potentials in Latin American countries, which would enhance the prospects for economic cooperation between the Middle East and South American countries, as the Dubai Chamber aims, through the forum, to shed light on finding new investment opportunities, by taking advantage of Dubai as a global capital for business and trade center. Important in the region, bringing together economic decision makers and investors.

Looking at the economic sectors, the Forum, in its fourth edition, heralds important commercial and investment opportunities in the agricultural sector, logistics, tourism, travel and renewable energy, in addition to the digital economy.

• Brazil is in the first place in the volume of trade with Dubai, with a total of 3.27 billion dirhams.

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