Danish-Kuwait first half trade rises 29%
Bilateral trade between Denmark and Kuwait rose 29 percent during the first six months of 2000, compared to the same period in 1999, to $45 million, said Christian Bruun, the commercial attache at the Royal Danish Consulate General in Kuwait City, in a discussion with the Kuwait News Agency.
Danish exports to Kuwait during the first half were 55.2 percent up on January-June 1999, with some 60 percent of Danish exports to Kuwait comprised of foodstuffs. According to Bruun, before the end of the year 2000, a memorandum of understanding between Kuwait and Denmark is expected to be signed involving of food security and the protection of foodstuffs.
Kuwaiti exports to Denmark were dominatd by by crude oil and petrochemicals. Bruun noted that there has been a qualitative leap in profits at Danish fuel stations which carried the Kuwaiti trade mark of "Q8". The turnover of such stations equaled $491 million during the fiscal year 1999/2000, 40 percent more than fiscal year 1998/1999. Q8 is the third largest oil company inDenmark.
Q8, which is a subsidiary of the Kuwait Petroleum Corporation, operates 5,500 stations in Thailand and several European countries, including Denmark, Belgium, Britain, Italy, Luxembourg, Spain, Sweden, Netherlands, France and Germany.
Bruun noted that Danish interests are involved in improving food production technique in Kuwait. Currently, a specialized Danish team is involved in providing expertise on Salmonella disease to the Kuwaiti Public Authority of Agriculture and Ministry of Health. – (Albawaba-MEBG)