UAE 20th biggest exporter in merchandise trade

Updated 04 December 2012
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UAE 20th biggest exporter in merchandise trade

UAE is the world’s 20th biggest exporter in merchandise trade, according to the most recent classification done by the World Trade Organization (WTO) Secretariat for 2011, surpassing countries like Australia, Brazil, Switzerland and Sweden.
According to the report released by WTO Secretariat, the UAE exported $ 285 billion in merchandise trade, next to India (19th position) with exports of $ 297 billion. The UAE constituted 1.6 percent of the world’s exports, which stood at $ 18.22 trillion of merchandise trade in 2011.
These figures were released on the sidelines of the announcement of the 27th International Autumn Trade Fair (IATF2012), the region’s pioneer consumer goods show being held from Dec.11–13 at the Dubai International Convention and Exhibition Centre.
Satish Khanna, general manager of Al Fajer Information & Services, organizer of the show, said: “The same report says that the UAE is the world’s 25th importer in merchandise trade, having imported merchandise worth $ 205 billion in 2011, about 1.1 percent of the world’s imports of $ 18.38 trillion. The United States tops the list of importers with $ 2.27 trillion of imports in 2011. The UAE was ahead of countries like Austria, Malaysia and Sweden in import value, which speaks volumes on the leading position of the country in the global trade in both imports and exports.”
Khanna added: “Considering the remarkable role played by the UAE in the global trade, we anticipate great success for IATF 2012, which is regarded the leading regional buyer-seller meeting ground for the consumer goods segment in the Arab region. The show will feature 400 exhibitors from 20 countries. Ranked as one of the more popular general trade fairs in the region, IATF 2012 will occupy 8,000 square meters of space.”
Over the last 26 years, IATF has been recognized as a robust regional business platform for the global consumer goods industry keen to expand footprints in Middle East and North Africa (MENA) region.
The exhibition’s significance is being held at a time when global consumer goods manufacturers are shifting their focus to developing economies. Dubai is ideally poised to gain as a trading hub for consumer goods being surrounded by fast growing markets of the Sub Continent and Africa.
Khanna added: “Ever since its debut, IATF has grown as a significant exhibition brand in our portfolio serving the niche sector of consumer goods. Over the last couple of years, the show has become more attractive to global consumer goods companies with the rise in spending power of the region, particularly the GCC. This year also, most of the regular exhibitors of the show are coming back with new products, and this underscores the strategic effectiveness of the fair as a regional platform to showcase and launch consumer goods and penetrate the market.”
He said: “This year, the fair will host the official national pavilions of six countries, occupying 90 percent of the 8,000-square meters of exhibition space. The national pavilions will include 225 exhibitors from China, 35 from Hong Kong, 15 from Korea, 30 from India, 20 from Taiwan and 10 from Pakistan. Other countries participating at IATF2012 at individual levels include the UAE, the Netherlands, Turkey, Indonesia, Malaysia and Iran.”
Hong Kong will be part of IATF12 for the ninth consecutive year with 35 exhibitors. The large-scale participation of Hong Kong comes against the backdrop of the increasing trade between the East Asian country and the UAE and the region in general. The UAE is the single largest trade partner of Hong Kong in the Middle East region.
The HK pavilion is being organized under the banner of Hong Kong Trade Development Council and will display a variety of consumer products, including gifts and premium, electronics, houseware and household products, in addition to fashion and fashion accessories.
Khanna added: “IATF12 will unveil an exciting mix of products comprising cosmetics, foodstuffs, electronics, household appliances, plastic household products, toys, stationery, electrical items, handicrafts, carpets, garments, textiles, house ware, kitchen ware, sanitary ware, novelties, machinery, machine tools, hardware accessories and dairy products.”
The Zhejiang Foreign Trade & Economic Cooperation Bureau will also be repeating its presence at the 27th edition of the show. Geared up to meet the contemporary living with style and innovation, it will bring in a wide range of goods manufactured in Zhejiang Province of China with participation from over 70 well-established enterprises.
In line with the past trends, participation from China continues to be enormous, with the pavilions being organized by several official bodies like China Foreign Trade organization, Sinobal China, Shenzhen Wanbo, Massbetter Group, CCFNA and others. These participants have been represented at the IATF since its inception.
Korea is also set to make their presence felt with over 15 companies from various provinces of Korea. Owing to its high expectation and value as a means for business, KITA and Busan Economic Promotion Agency are giving extensive support to Korean exhibitors in the show. Bringing new realms of business to explore, Korea promises to offer a broad range of products with active participation.
Taiwan, which is participating for the first time at an official level after a gap of over 20 years, will feature 20 exhibitors, sponsored by TAITRA which is an official body responsible for the promotion of export and international trade.


Airbus warns could leave Britain if no Brexit deal

Updated 22 June 2018
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Airbus warns could leave Britain if no Brexit deal

  • Industry analysts say Airbus would be unlikely to pull out of the UK abruptly because of long lead times and waiting lists for its planes
  • Airbus, which makes wings for all its passenger jets in the UK, said that leaving both the EU’s single market and customs union immediately

PARIS: European aviation giant Airbus warned Thursday it could be forced to pull out of the UK if Britain leaves the European Union without a deal.
In a Brexit risk assessment, Airbus said Britain withdrawing from the EU without a deal “would lead to severe disruption and interruption of UK production.”
“This scenario would force Airbus to reconsider its investments in the UK, and its long-term footprint in the country, severely undermining UK efforts to keep a competitive and innovative aerospace industry, developing high value jobs and competences,” it warned.
“Put simply, a no deal scenario directly threatens Airbus’ future in the UK,” Tom Williams, chief operating officer of Airbus Commercial Aircraft, said in a statement.
In its risk assessment, Airbus said under a “no deal” scenario, delays and disruptions to its production could cost it up to one billion euros ($1.2 billion) a week in lost turnover.
It said a no-deal Brexit “would be catastrophic” for the aviation group.
Airbus employs 14,000 people at more than 25 sites in Britain, where it manufactures the wings of its aircraft.
“In any scenario, Brexit has severe negative consequences for the UK aerospace industry and Airbus in particular,” Williams said.
“While Airbus understands that the political process must go on, as a responsible business we require immediate details on the pragmatic steps that should be taken to operate competitively,” he said.
“Without these, Airbus believes that the impacts on our UK operations could be significant. We have sought to highlight our concerns over the past 12 months, without success.”
On the future trade relationship between Britain and the EU, Airbus said the current transition period, which runs until December 2020, “is too short for the EU and UK Governments to agree the outstanding issues, and too short for Airbus to implement the required changes with its extensive supply chain.”
“In this scenario, Airbus would carefully monitor any new investments in the UK and refrain from extending the UK suppliers/partners base.”
Britain is due to leave the European Union in March 2019 but continue the current trading arrangements during the transition phase to December 2020 to give time for the two sides to agree the terms of a new partnership.