Hutchison Ports Sohar’s Post

DMCC Hosts First Trade Roadshow in Vietnam Ahead of Landmark UAE-Vietnam Trade Deal - DMCC concluded its first roadshow in Vietnam with two key events in the capital, Hanoi, and Ho Chi Minh City - Roadshow focused on attracting new firms across strategic commodities and technology industries - DMCC highlights opportunities for Vietnamese companies as UAE and Vietnam near conclusion of a landmark CEPA later this year DMCC successfully concluded its first Made for Trade Live roadshow in Vietnam, which focused on boosting trade, investment, and business connectivity between Vietnam and the UAE ahead of a pioneering Comprehensive Economic Partnership Agreement (CEPA) which is expected to be concluded in 2024. The events in Hanoi and Ho Chi Minh City leverage the accelerating economic relations between the UAE and Vietnam. With bilateral trade growing year on year, Vietnam is an increasingly important trade partner for the UAE, providing a strategic gateway to Southeast Asia, which has potential to significantly expand in the coming years once the UAE-Vietnam trade deal comes into effect. The UAE is also Vietnam’s largest trading partner in the Arab world.The event saw DMCC executives brief 412 Vietnamese businesses and leaders in key commodities sectors and technology industries on the opportunities to expand through DMCC. The event focused on the growing potential for Vietnamese and Southeast Asian markets to expand their role on the international stage, particularly as the world’s economy shifts towards greater bilateral trade partnerships and regional bloc-based trade.... https://bit.ly/4c5ZIQt DMCC (Dubai Multi Commodities Centre) LetsTalkCity #Dubai #Business #Investment #Vietnam🇻🇳 #UAE #GCC #MiddleEast

Egypt's Minister of Investment and Foreign Trade, Hassan Khatib, announced a new plan to cut customs clearance time from several days to two days by 2025. At a recent press conference, he detailed a phased approach. The first stage focuses on reducing it to four days. This is part of the government's efforts to boost Egypt's competitiveness, simplify business, and cut investors' logistics costs. Khatib said it'll make Egypt a more attractive investment destination and create a better trade environment. The reduction is expected to lower logistics expenses, benefiting all investors. He added that the initiative fits Egypt's long-term economic vision of a transparent, competitive, and investor-friendly market.

The Malaysia-UAE Comprehensive Economic Partnership Agreement (MY-UAE CEPA) is set to be effective by the end of 2024. The agreement is aimed at boosting trade and investment between Malaysia and the UAE, covering aspects such as trade, investment, digital economy, and Islamic finance. This agreement marks Malaysia's first CEPA with a GCC (Gulf Cooperation Council) nation. In 2023, the UAE emerged as Malaysia's second-largest trading partner in West Asia, with trade between the two countries reaching US$8.67 billion. Moreover, the agreement is expected to enhance investment, with Emirati projects in Malaysia creating over 2,000 jobs. Read more: https://lnkd.in/g622jgDd #QuantermLogistics #QuantermNews #MalaysiaUAE #CEPA #BilateralTrade #EconomicPartnership #GlobalInvestment #TradeGrowth #FreightFowarding #Import #Export

With UAE and Vietnam trade expected to reach USD 20 bn in the next few years, industry experts discuss how the CEPA presents unique opportunities to further strengthen the UAE-Vietnam #trade and #investment relationship. The panel explores #Dubai's business-friendly environment and #DMCC's streamlined set-up process and world-class infrastructure that enables #Vietnamese companies to easily access key global markets. #MadeForTrade Live #HoChiMinh #Vietnam - Mohammed Ibrahim Mohammed

In a bid to deepen trade ties and boost investments, Dr. Thani Al Zeyoudi, UAE’s Minister of State for Foreign Trade, recently visited Malaysia where he held discussions with both Anwar Ibrahim, Prime Minister of Malaysia, and Zafrul Aziz, Malaysia’s Minister of Investment, Trade and Industry. During the meeting, Al Zeyoudi highlighted the importance of Malaysia as a long-standing trade and investment partner for the UAE. He emphasized the aims of both countries to develop an open, rules-based trade that ensures that the private sectors are able to expand and maximize the opportunities available in both economies. Read more: https://lnkd.in/duVyg_Z3 Ministry Of Economy, UAE #UAE #Malaysia #Investment #Economy #Trade

Having welcomed over 450 participants to Cairo in 2023, GTR is excited to return to the capital on October 2, 2024. Providing the ideal forum for networking and discussion amongst corporates and financiers alike, GTR Egypt 2024 is a must-attend for anyone involved in Egyptian trade and exports, focusing on a range of themes, while the exhibition hall will provide an invaluable opportunity to network and connect with industry leaders, peers and potential clients. Join us and a range of senior business leaders from the local and regional markets, representing all manner of industries and sectors to reflect on the latest developments across the vibrant world of Egyptian trade. Key discussion themes include: » Reform Egypt’s export credit system to align with international best practice » Overcoming working capital challenges for SMEs including foreign exchange risks » Understanding the value of supply chain finance as a corporate treasurer » Automating customs processes to improve efficiency and reduce costs » How are regulators and financiers working together to advance digital innovation? » Digitising the entire ecosystem to best help corporates conduct trade This event is unmissable for anyone seeking expert insight and opportunities for networking, engagement, and knowledge sharing. Visit https://lnkd.in/dGV2KQfs for the agenda and speaker line-up. #GTREgypt #FCI #Receivablefinance #SCF Global Trade Review (GTR) FCI

ASEAN Hints at Forming Trade Pact with Gulf Cooperation Council ASEAN recently dropped another hint that they might try to strike a trade pact with the Gulf Cooperation Council (GCC) as the former tries to boost its trade with partners outside the region. The GCC encompasses Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). According to ASEAN’s Secretary-General Kao Kim Hourn, a free trade agreement (FTA) between the two blocs is likely. ASEAN and the GCC have agreed on a framework document that laid out the ways they could bolster their cooperation over the coming years. According to the document, both sides are eyeing to conduct further consultations, among others, on developing a “framework arrangement” on economic cooperation. Last year, ASEAN and GCC held its maiden summit in Riyadh. President Joko “Jokowi” Widodo at the time pushed for this trade framework to take shape. Malaysian Prime Minister Anwar Ibrahim also told the summit that the two blocs should form a free trade agreement. Aside from an entirely new free trade pact, Indonesia earlier this year proposed GCC countries to join the already existing trade deal: the Regional Comprehensive Economic Partnership (RCEP) agreement. This is the world’s largest trade deal covering 30 percent of the global gross domestic product (GDP). Aside from the 10 ASEAN members, the RCEP members include China, Japan, South Korea, Australia, and New Zealand. Saudi’s state-owned news agency Al Arabiya reported last October that the ASEAN-GCC trade volume exceeded $110 billion. #gcccountries #GCCEducation #internationalrelations #dubaiindiatraderelations #bilateralcoordination #GCCEconomies #indianeconomictradeorganization #gccdelegation #internationalaffairs #indiagcc

#Turkey #GCC free trade negotiations Hasnain Malik, head of emerging markets strategy at Tellimer an investment research company in Dubai, said, "ultimately, the most important aspects here may be geopolitical both in terms of the GCC again acting as one and cementing rapprochement with Turkey for Saudi and the UAE." "Turkey has a much larger, more competitively priced manufacturing export sector than the GCC, so a free trade deal likely benefits it more both in terms of higher export growth to and foreign direct investment from the GCC." "Specific beneficiaries could be the banks from the Kuwait, Qatar, and UAE with Turkish operations that are already in position to capture greater cross-border financial flows." Always a pleasure to chat with Sarmad Khan at The National. https://lnkd.in/ea284JFv #geopolitics #trade #emergingmarkets #mena

Port of #Abidjan – Abidjan – Ivory Coast Nestled along the picturesque shores of the Gulf of Guinea, the #Port of Abidjan stands as a beacon of economic vitality, trade excellence, and cultural diversity in West Africa. This bustling maritime gateway, located in the heart of Ivory Coast's vibrant city of Abidjan, holds within its docks and terminals a story of resilience, innovation, and global connectivity. Gateway to Prosperity: The Port of Abidjan is more than just a port; it's a lifeline for the nation's economy. Its strategic location and state-of-the-art facilities have transformed it into a cornerstone of regional and international trade. The port's bustling activity ranges from handling containers and bulk cargo to accommodating passenger traffic, making it a multi-faceted hub of commerce and exchange. Cultural Crossroads: Beyond its economic significance, the Port of Abidjan encapsulates the rich tapestry of Ivory Coast's cultural heritage. As goods and ideas https://lnkd.in/dprSfGSr #IvoryCoast

A recent article sheds light on the hidden life of a Myanmar arms dealer operating in Dubai. The piece delves into the complex and often shadowy world of international arms trade, revealing the intricate networks and operations behind it. For anyone interested in understanding the darker aspects of global commerce and the specific impact on Myanmar, this article is a must-read. Read the full story here: https://lnkd.in/gdkSJJVz