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Sun 11 Jan 2009 10:11 AM

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Dubai inks trade partnership with Australia

The Dubai Export Development Corporation signs new deal with Austrade.

Dubai has established a new trade partnership with Australia in a bid to create strategic alliances between the two economies, the Dubai Export Development Corporation (EDC) announced.The Tradelink Partnership with the Australian Trade Commission (Austrade) will focus on trade development, country-specific projects, export opportunities, exhibition participation and training activities, EDC said.

EDC hopes that the partnership between the two organisations will boost the organistaion’s current campaign to have "Made in Dubai" recognised as a stamp of quality across the world, it said.

"The Australian and Dubai economies enjoy complementary characteristics and this agreement specifically defines areas where both organisations can continue to focus efforts to increase cooperation and subsequent opportunities," said Saed Al Awadi, chief executive officer of EDC.

Dubai's exports to Australia in 2007 totalled 206.04 million dirhams, up 34 percent from 2006.

Exports of stone, cement, ceramic and glass products to Australia rose significantly over this period, according to EDC. They reached 74.51 million dirhams in 2007 compared to 55.48 million dirhams in 2006, while textile products exports doubled from 16.33 million dirhams in 2006 to 32.91 million dirhams in 2007.

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