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    Buyers-Sellers Meeting Expands Inter-Arab Trade

     

     
     
    In Brief
    © International Trade Centre, International Trade Forum - Issue 1/2001 
     

    From left to right: S. Piskolti, ITC; Mr. A. Khalifa, UN Resident Coordinator, United Arab Emirates; J. Denis Bélisle, Executive Director, ITC; H.E. Sheik Sultan Fahem Al-Qasimi, Minister of Economy and Trade, United Arab Emirates.

    ITC and Arab Trade Financing Programme organized a "Buyers-Sellers" meeting on agricultural produce and processed foods in the United Arab Emirates in February 1999. The meeting was organized in close cooperation with the Abu Dhabi Chamber of Commerce and Industry and the Federation of the United Arab Emirates Chamber of Commerce and Industry. It was endorsed and supported by the United Nations Development Programme.

    Business orders worth US$ 6 million were signed at the event, and negotiation initiated on another US$ 64 million, according to a review of over 40 evaluation forms submitted by participating enterprises. About 140 business persons attended from Algeria, Egypt, Jordan, Lebanon, Mauritania, Oman, the Occupied Palestine Territory, Qatar, Saudi Arabia, Somalia, Syrian Arab Republic, Tunisia and the United Arab Emirates. Trade promotion organizations from Jordan, the Occupied Palestine Territory and Egypt attended. In addition, the Islamic Development Bank, 14 banks in Arab countries, and trade-related organizations and consulting companies were present.

    ITC's Executive Director, J. Denis Bélisle, addressed the opening of this pan-Arab event, which was widely covered in local television and newspapers. "We believe that buyers-sellers meetings are effective tools for increasing trade," Mr. Bélisle said. "They provide a means to transform political intentions for promoting intra-Arab trade into economic reality, as trade is actually generated during these events."

    A parallel exhibition was organized by the Abu Dhabi Chamber of Commerce and Industry, with 52 enterprises from 11 Arab countries exhibiting products.

    For more information, contact S. Piskolti, ITC Chief, Office for Arab States, Europe and the CIS at piskolti@intracen.org or F. Nawas, Senior Trade Promotion Officer at nawas@intracen.org