Media ININ Economy We Trust
01-05-2019 Media in\ Dubai
The Dubai Export Development Corporation (DEDC), one of the institutions of the Dubai Department of Economic Development (DED) and the Islamic International Trade Finance Corporation (IFFC), a member of IDB Group under the umbrella of the Arab-African Trade Bridges Program (AATP)
Today , the trade forum for food industries, which includes bilateral meetings between more than 40 buyers working in different types of food manufactured from 15 African countries and a group of manufacturers and exporters from Arab countries and local exporters in the Emirate of Dubai and the UAE to see their market needs and export opportunities .
The Arab-African Trade Bridges Program is part of the Foundation’s strategy to encourage local companies to produce their food products to consumer markets worldwide.
The two-day event includes more than 200 meetings between Arab and local retailers and 40 major buyers and companies in the food sector. Countries include Niger, Mali, Mauritania, Sudan, Ethiopia, Somalia, Burkina Faso, Senegal, Kenya, Mozambique, Gabon, Benin, Côte d’Ivoire and Nigeria And Uganda.
Members of the Export Development Corporation (DEDC) provide a wide range of high-quality, processed foods such as beverages, legumes, baked goods, canned products, dairy products, frozen foods, pastries, dates and other food products.
“This initiative is one of the main axes of Dubai’s export strategy in supporting the local product by creating platforms for buyers and suppliers to exchange information on new and emerging markets,” said DED Deputy Executive Director Dubai.
“Africa has a great opportunity as evidenced by relatively high growth and demand, The growing consumption and growth prospects of exports and investment of these countries makes UAE companies competitive and building business relationships with the African market.”
He added that the bilateral meetings between international buyers and local exporter have many opportunities in trade and mutual investment. The African market has been highlighted for several reasons, including the seriousness of buyers compared to a wide range of accredited companies seeking suppliers in the food sector. In all types of processed foodstuffs as well as the availability of the export advantage of UAE products in those promising African countries.
“IFC’s cooperation with Dubai Exports reflects our shared interest in driving economic development in the Middle East and North Africa and beyond. Through this forum, the Arab-African Trade Bridges Program has proved to be pivotal in providing a platform for trade promotion, And investment between the Arab and African countries, thereby acting as a catalyst for sustained economic growth, supporting private sector development and improving the livelihoods of Member States.
He explained that the Foundation has provided more than 45 billion dollars in trade finance since its establishment in 2008 and will continue to support Member States by offering a range of strategic financing and development solutions, while drawing the attention of a number of other Member States towards the potential of Africa and promising economic opportunities.
The forum opens with a discussion on customs facilitation, agreements and the nature of African markets, with a view to enhancing cooperation and trade, and the standard of opportunities and challenges that the UAE exporter can face in the beginning of his career towards African markets.
