Tourism, Manufacturing among High-Potential Areas for Expanding UAE-Caribbean Cooperation
(Caribbean360) DUBAI, United Arab Emirates – Tourism, food security, manufacturing, logistics, and renewable energy have been identified as high-potential areas where companies in the UAE and Caribbean region can expand economic cooperation, according to new analysis from Dubai Chamber of Commerce and Industry.
The findings, released on the side lines of the first UAE-Caribbean Cooperation Forum in Dubai, revealed that the value of non-oil trade between Dubai and Caribbean countries totalled US$273 million in 2017.
Bilateral non-oil trade was dominated by imports from the Caribbean which were valued at US$183 million in 2017, while US$90 million worth of exports contributed 33 per cent to Dubai’s trade with the region.
Suriname ranked as Dubai’s top Caribbean trading partner in 2017, with bilateral non-oil trade valued at US$113.8 million, accounting for 42 per cent of the emirate’s trade with the region. Guyana ranked second with US$52.1 million in bilateral trade, followed by Dominican Republic and Trinidad and Tobago.
Read more at: Caribbean360