Dubai Exports, the export promotion agency of the Department of Economic Development, Government of Dubai, led a delegation of flagship UAE companies and potential exporters to the III ASPA CEO Summit, held in Lima, the capital of Peru, 1-2 October 2012.
Underlining the growing interest among UAE firms on exporting their products and services to South America, all UAE companies that participated previously in Dubai Exports missions to South America once again joined the Dubai Exports delegation.
“South America is a major target for UAE exporters since the continent has some of the most promising and fastest growing economies today. Recent trade missions led by Dubai Exports have helped local firms to build bridges with governments, trade promotion bodies and businesses across key economies in South America, including Argentina, Brazil and Peru,” said Engineer Saad Al Awadi, Chief Executive Officer of Dubai Exports.
“Our focus is on enabling companies in Dubai to realise market opportunities and export their capabilities. Dubai with its advanced infrastructure and diversified economic activity has greater efficiencies in supplying products and services to different industry sectors and communities worldwide,” added Al Awadi.
Local companies that attended the Peru summit in the past have been able to generate a number of business deals and promising leads from South America. In 2011, UAE exports to Peru alone reached nearly AED30 million, up 29.62 per cent from the previous year. UAE exports to some other South American countries showed 170 per cent growth in 2011.
With a rising number of trade and investment promotion agencies from South America stepping up their presence in the UAE and Dubai growing in prominence as a catalyst for global commerce, bilateral trade is estimated to expand substantially.
The summit brought together businessmen and exporters from Dubai and South America across a series of matchmaking programmes and B2B meetings to exchange views on partnerships in business and investment. Besides connecting local businesses to potential customers in South America, Dubai Exports also highlighted the strengths of Dubai as a source market and hub for exports and re-exports to strategic regions at the summit.
The summit was organized by the Ministry of Foreign Affairs of Peru and COMEXPERU (Trading Society of Peru), with the support of the Private Investment Promotion Agency of Peru (PROINVERSION) and the Peru Export and Tourism Promotion Board PROMPERU.