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  • 26-03-18

    Dubai, South Korea non-oil trade grows 8 percent in 2017

    (MENAFN) When compared to 2016, Dubai, South Korea non-oil trade has grown 8% in the past year reaching Dh27.43 billion (USD7.47 billion), Wam news agency reported.

    South Korea is Dubai's 8th biggest trade partner in imports and 9th in exports.

    Ahmed Abdul Salam Kazim, director of strategy and corporate excellence, said: "Trade with South Korea is gaining more and more weight and value especially after signing the AEO mutual recognition agreement with them. This helps unfold horizons of mutual trade and facilitation between us which includes carrying out the clearance process before the arrival of cargo to the port."

    "The visit of the South Korean President Moon Jae-in to the UAE is an indication of the solid relationship between the two states and will explore opportunities between the two countries in the realms of energy, healthcare, science, space and technology. Following the wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, we, at Dubai Customs, work hard to enhance relations with Korean diplomatic missions and businesses in support of trade activity," he added.


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