Published On: 08/10/2017

  • E. Al Ghurair: Tourism, air cargo are key sectors where Dubai has strong expertise which Colombian businesses can benefit from

   H.E. Buamim: Dubai’s non-oil trade with Colombia reached $138 million in 2016, and there is potential to increase Colombian exports of flowers, fruits, coffee and cocoa to the emirate

  • High-level delegation led by Colombian president will visit the UAE before the end of this year

Dubai, UAE: A high-level delegation led by the Dubai Chamber of Commerce and Industry recently concluded a visit to Colombia where it called on key stakeholders from the country’s public and private sectors to enhance their cooperation with the emirate.

The Chamber’s delegation held a series of meetings in Bogota with H.E. María Lorena Gutiérrez, Colombia’s Minister of Commerce, Industry and Tourism, senior representatives from the Bogota Chamber of Commerce, Agricultural Association of Colombia, ProColombia, Colombian Chambers of Commerce Federation, Colombian National Infrastructure Agency, Colombian Confederation of Chambers of Commerce (Confecámaras), National Infrastructure Agency (ANI), Colombian Association of Flower Exporters (ASOCOLFLORES) , and the Colombian Farmers’ Association (SAC).

Colombia’s Minister of Commerce, Industry and Tourism noted that the Colombian President would plan to lead a high-level delegation to the UAE before the end of 2017, which she said would greatly contribute to advancing bilateral relations.

H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, explained that the Chamber is keen to identify and explore new avenues of cooperation between Dubai-based businesses and their Colombian counterparts. He exampled that the signing of agreements to facilitate investor protection and avoid double taxation would be of significant importance in strengthening bilateral ties.

Dubai Chamber’s Chairman highlighted tourism and air freight as two sectors where Dubai has developed strong expertise which Colombian businesses stand to benefit from. He called on the Colombian businesses to participate in Expo 2020 in Dubai, and learn more about the benefits that the mega event can offer them.

In addition, H.E. Al Ghurair invited Colombian government and business leaders to take part in the 2nd Global Business Forum on Latin America in Dubai. Organised by Dubai Chamber, the high-profile forum will take place in the first quarter of 2018 and aim to enhance economic cooperation between the emirate and promising markets in Latin America.

During his meeting with various Colombian authorities, H.E. Hamad Buamim, President and CEO of Dubai Chamber, revealed that Dubai’s non-oil trade with Colombia amounted to $138 million in 2016, a 200% increase from 2012, while he noted that there is still potential to boost Colombian exports of flowers, fruits, coffee, and cocoa to the emirate.

The delegation visit to Colombia was part of Dubai Chamber’s second trade mission to Latin America which also covered Panama and Costa Rica. Earlier this year, the Chamber led a delegation to Brazil, Paraguay, and Argentina, and opened its first regional representative office in Sao Paulo.