During the past ten years (2013-2022), the trade growth rate between the two countries amounted to 18.2 per cent, from AED 159.72 billion to AED188.8 billion last year, to reach AED1.41 trillion in 10 years.
Dubai Customs has implemented customs policies to support trade exchanges with partner countries as part of comprehensive economic partnership agreements.
DMCC - the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise - has successfully concluded the eighth edition of its industry-leading Global Dubai Tea Forum (GDTF), which was held at The Address Dubai Marina Hotel between 25-27 April.
WTO economists said on April 5, that the volume of world merchandise trade is expected to grow by 1.7 per cent this year following 2.7 per cent growth in 2022.
The WTO's trade projections, set out in the new "Global Trade Outlook and Statistics" report, estimate real global GDP growth at market exchange rates of 2.4 per cent for 2023. Projections for both trade and output growth are below the averages for the past 12 years of 2.6 per cent and 2.7 p
The WTO note estimated that global trade growth in 2022 was above the WTO trade forecast of 3 per cent issued in April and substantially higher than its estimates for more pessimistic scenarios for the year.
New Delhi [India], April 12 (ANI): The World Trade Organisation (WTO) on Tuesday lowered the 2022 global trade growth forecast to three per cent from its earlier projection of 4.7 per cent due to the Russia-Ukraine conflict.
Geneva [Switzerland], December 3 (ANI): India's trade growth accelerated both in goods and services in the 3rd quarter even as overall trend showed a stronger COVID-19 recovery for goods than services, the United Nations Conference on Trade and Development (UNCTAD) said on Friday.
Mumbai (Maharashtra) [India], July 30 (ANI): India's exports languishing for quite some time can take advantage of the favourable trade growth outlook of 2021 and consolidate position further than what has been witnessed in 1Q FY22, India Ratings and Research (Ind-Ra) has said.
New Delhi [India], October 13 (ANI): Global businesses can increase exports to India by more than 21 billion dollars annually, according to the latest Standard Chartered Trade Opportunity Report.
Washington DC [USA], Jan 15 (ANI): US stocks suffered a minor blow-back on Monday after trade data showed China's trade growth slowing. This has sparked fresh fears of a global economic slowdown.