The PM of Dubai unveils blueprint for a $1.5 bn Food Park
The Dollar Business Bureau Sheikh Mohammed bin Rashid Al Maktoum, the Prime Minister of UAE unveiled his government’s plans for setting up a $1.5 bn Food Park in his country. The blueprint for the Dubai Food Park(DFP) was shown to the media on 23 August. The UAE state media agency representative WAM, said that the country aims to take advantage of Dubai’s strategic position as a regional hub for food trade, export, import and trading of foodstuffs. The Food Park is the latest addition to the Dubai Wholesale City(DWSC), the largest wholesale hub in the world that is likely to take up 550 million square feet. The DFP could take 10 years to be constructed, covering nearly 48 million square feet of ...
DGAD continues definitive ADD on imports of opal glassware from China and UAE
The Dollar Business Bureau The Directorate General of Anti-dumping has decided to continue the definitive anti-dumping duty on the imports of opal glassware from China and UAE. This was conveyed through a notification no.- 37/2017-CUSTOMS (ADD) dated August 9, 2017. According to the notification Opal Glassware exported by China PR will attract a duty of 30.64% of the cost insurance freight (CIF) value, while those from UAE will attract a duty of 4.38% of CIF value. The Indian petitioners M/s. La Opala RG Limited and M/s. Hopewell Tableware Pvt. Ltd. had filed for an investigation into the dumping of Opal Glassware sometime in 2010. The ADD on opal glassware from both the countries will be valid for the next 5 years.
Prabhat Dairy to expand exports to Gulf region
The Dollar Business Bureau Prabhat Dairy, one of India's leading milk food processing brands, is planning to expand its supply operations in the Gulf region. It's participation in Gulfood 2017, held at the Dubai World Trade Centre, from February 26 – March 2, is key to the beginning of its exports to countries like UAE and Saudi Arabia. The world's largest annual trade event in food industry is likely to help Prabhat Dairy rope in some international clients from Dubai and surrounding areas, kickstarting its operations in the Gulf region. The dairy giant with an elaborate distribution network across India sees immense potential in exports to Saudi Arabia, as the country imports close to 70% of its dairy needs. According to latest trade reports, in 2015, ...
India Expo 2014 expected to boost India-UAE trade by $20 billion
The Dollar Business Bureau | @TheDollarBiz Aerial view of Dubai seaport (UAE). Dubai is considered as a major sourcing market for the Middle East, Africa, Europe, and also Pakistan. The Federation of Indian Exporters Organisation (FIEO) has said that the India Expo in Dubai (October 15-16, 2014) is expected to boost bilateral trade between India and United Arab Emirates (UAE) by over $20 billion and will open opportunities in both trade and investment. UAE is a major destination for Indian goods and a strategic re-export market for India. According to FIEO, UAE is a gateway to several regions including Africa, West Asia and Europe and collectively represents $84 billion business. While bilateral trade between India and UAE has traditionally been strong, ...
