Eng. Mahmood Al Bastaki Chief Executive Officer, Dubai Trade Sunday 29th Sept, 2013 UAE Trade at the global scene…. USD 18.5 Bn USD 51 BN USD 156 BN USD 20.2 BN North America Europe USD 3.5 Bn Africa South America *Source National Bureau of statistics UAE Asia USD 3.2 BN Australia Non Oil Trade between UAE & Ecuador Value in AED 100,000,000 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 Re-export Export Import Total Exports to Ecuador almost tripled within 5 years. 2007 1,759,152 9,459,809 44,333,677 55,552,638 2008 5,116,589 15,249,133 13,689,618 34,055,340 *Source National Bureau of statistics UAE 2009 14,965,597 5,407,080 8,859,920 29,232,597 2010 10,264,846 14,483,547 7,784,681 32,533,074 2011 7,930,374 30,466,867 11,342,606 49,739,847 Major Commodities Traded 2011 - Import 1 FOODSTUFFS, BEVERAGES, AND TOBACCO 2 WOOD 3 LIVE ANIMALS AND THEIR PRODUCTS 4 VEGETABLE PRODUCTS Major Commodities Traded 2011 - Export 1 BASE METALS. 2 CHEMICAL PRODUCTS. 3 PHOTOGRAPHIC, MEDICAL, MUSICAL INSTRUMENTS & PARTS. 4 PLASTICS & RUBBER Major Commodities Traded 2011 – Re-Export 1 MACHINERY AND PARTS 2 TEXTILES AND TEXTILE ARTICLES. 3 CHEMICAL PRODUCTS. 4 VEHICLES. Trade routes between Dubai & Ecuador JFK HAM MAD PUS JEA GYE Transit Time by Sea: (Example) JEA – HAM – GYE – Approx. 55 days JEA – PUS – GYE – Approx. 60 days Transit Time by Air: (Example) DXB – MAD – GYE – 22 hours DXB – JFK – GYE – 28 hours JEA – Jebel Ali, UAE; DXB – Dubai, UAE; GYE – Guayaquil, Ecuador; HAM - Hamburg, Germany; PUS – Busan, Korea; MAD – Madrid, Spain; JFK – New York, USA Use Dubai as the regional trading hub Map of UAE Imports by countries *Source: Doing Business report 2013 Transit time from Dubai by Sea & Air Sea Transit times for major import countries Transit Time by Air: 2 Hours 5 Hours 8 Hours Transit Time by Sea: 2 days 4 days 8 days *Source: Sailing schedules from major Shipping lines . Soft Infrastructure participants Chamber of Commerce Permit Authorities Visit Exporters & Freight Forwarders Multiple Importers counters & Customs Brokers Long queues at counters Sea Port Operator Free Zone Companies Paper intensive Shipping Lines & Agents Air Cargo Handlers Lack of transparency and standardised procedures Transport Companies Company Licensing Authorities Customs Authority Financial Institutions Insurance Companies Dubai Trade Portal Exporters & Importers Free Zone Companies Freight Forwarders Shipping Lines & & Customs Brokers Agents Transport Companies Dubai Trade Overview DEFINITION • The premier trade facilitation entity of Dubai that looks at simplification and harmonization of processes involved in the movement of goods VISION • Transform the end to end trade supply chain and to establish Dubai as the leading trading & logistics hub of the world. MISSION • Make trade easier, faster and cost effective for all stakeholders through continued improvement of business process and application of technology. Portal Transactions 18,000,000 Over 750 eServices 16,000,000 16,255,354 14,000,000 14,880,822 12,000,000 12,346,942 11,483,399 10,000,000 9,123,435 8,000,000 6,000,000 7,362,745 4,000,000 2,000,000 0 2008 2009 2010 2011 2012 2013* Registered Companies 140000 Licensing Authority No. of Companies DED (Dubai Local) 76830 JAFZA 7773 DAFZA 1645 TECOM 1573 DMCC 1197 Others 2459 120000 100000 80000 60000 40000 20000 0 -20000 2003 Companies 118 2004 1033 2005 2343 2006 4475 2007 2008 2009 2010 2011 2012 2013* 6796 10410 18235 37212 51400 72077 91477 Dubai Trade Portal Dubai Trade Value Added Services Rosoom Electronic Payment Gateway Trade Shield - Marine Cargo Insurance Certified Trade & Logistics Professional Vessel Sailing Schedules Emirates Sky Cargo Expo 2020 Connecting minds creating the future 25 Million expected visitors 300,000 jobs to be created Call for Action Shipping lines to explore Ecuador as a potential gateway to the west coast of Latin America. Given the rich variety of perishables exported out of Ecuador, Air carriers to consider establishing direct service between Ecuador & Dubai. Pro Ecuador to facilitate Ecuadorian companies to establish a presence in Dubai. Pro Ecuador to promote Dubai Trade portal services amongst Ecuadorian Exporters/Importers for end to end visibility of cargo