With a staggering export and re-export value of Dh13.5bn, Qatar has emerged as the second largest trade partner of Dubai Chambers in the Gulf during the first eight months of this year after Saudi Arabia, in the list of partners from the Gulf emirate, an article posted on Argaam.com said. According to the study issued by the Dubai Chamber of Commerce the total number of 'Certificates of Origin' issued for shipments to Qatar is 80,283, which is about 16 percent of the total number of 'Certificates of Origin' issued. Qatar excelled to Saudi Arabia in terms of the number of members who exported it during the first eight months of the current year. It sourced up to 3,865, which 39 percent of the total number of exporters during this period, totaling 9,929 sources.
The total value of exports and re-exports of members of the Chamber, during the eight months of the year, reached to Dh181bn, 12 percent up as compared to the corresponding period last year, which is about 27 percent up from Dh142.8bn, for the corresponding period in 2008.
The study showed Saudi Arabia as the top export destination with a huge export value of Dh48.1bn, which comes out to be 27 percent of total exports and re-exports to the members during the last eight month of this year. While Iraq, which is not part of the Gulf region, ranked second position in the list with worth Dh27.2bn, equivalent to 15 percent of the total exports and re-exports of Dubai Chambers.
The other Gulf countries such as Kuwait (Dh11.5bn), Oman (Dh7.1bn) have stood at third and forth in the Gulf respectively. While trade between local companies in the UAE, and those operating from the free zones and duty-free shops in Dubai reached at Dh9.2 bn. Exports to other members such as Egypt, India and Jordan amounted to Dh3.7bn, Dh3.6bn and Dh3.4bn, respectively.
The Peninsula
11 September
