Business | Economy

Non-oil trade between UAE and France increases to Dh7.47b

Non-oil trade between Dubai and France increased 26.7 per cent to Dh7.47 billion in the first half of 2008, compared to Dh5.9 billion reported during the same period in 2007.

  • Staff Report
  • Published: 23:32 October 28, 2008
  • Gulf News

Dubai: Non-oil trade between Dubai and France increased 26.7 per cent to Dh7.47 billion in the first half of 2008, compared to Dh5.9 billion reported during the same period in 2007.

"The increase in trade reflects the strong relations between Dubai and France in several areas, including economic, academic, industrial and financial sectors," a statement said.

Dubai's imports from France formed the lion's share of the total half-yearly trade, amounting about Dh7 billion compared with Dh5.5 billion in the same period of 2007.

Perfumes and toiletries topped the import list amounting to Dh734 million (10.4 per cent), followed by jewellery and precious metals, which amounted to Dh490 million (7 per cent).

Imports of aircraft parts amounted to approximately Dh371 million (5.3 per cent). Imports of other miscellaneous commodities and products was valued at Dh5.4 billion.

Co-operation

Meanwhile, the First Gulf-France Economic Forum being held in Paris yesterday and today is expected to strengthen the economic co-operation between the GCC and France.

The forum is held at a time when negotiations are reaching completion on a Free Trade Agreement between the GCC countries and the European Union. Discussions have been going on for over two decades to reach a final understanding. France could play a major role in facilitating an agreement.

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