Global summit in Dubai calls for stronger links between trade and investment
(Dubai) – Representatives of trade promotion organizations (TPOs) and trade development and investment agencies worldwide are meeting in Dubai for a two-day summit on trade and investment. The event is organized under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of Dubai.
The 10th Trade Promotion Organizations (TPO) Network World Conference and Awards, being held 4-5 November at the Dubai World Trade Centre, are hosted by Dubai Exports, the export promotion agency of the Department of Economic Development (DED), in partnership with the International Trade Centre (ITC), the joint agency of the United Nations and the World Trade Organization.
More than 400 experts from the public and private sector across 68 countries are attending the biennial conference. During the two days, they will explore the growing importance of TPOs in helping small and medium-sized enterprises (SMEs) increase their competitiveness and connect to international production networks for manufacturing and services. In addition, they are set to discuss the increasing links between trade promotion work and efforts to attract foreign investment. They will also examine the role that government agencies can play in facilitating the participation of women in international trade, which tends to yield particularly high social dividends.
Welcoming the delegates, His Excellency Sami al Qamzi, Director General of the Department of Economic Development (DED), Dubai, reiterated the Emirate's commitment to supporting dialogue on facilitating seamless and sustainable trade. ‘The TPO Network has a leadership role in consolidating efforts to enable smooth and seamless trade, thereby supporting social and economic development across various countries,’ said Mr. Al Qamzi.
His Excellency Sultan Al Mansouri, United Arab Emirates Minister of Economy, in his keynote address highlighted the increasing role of TPOs and their co-operation in the rapidly evolving global economic and trade landscape.
‘Trade promotion agencies can provide a wealth of information from their experiences in areas such as trade promotion techniques, trade policies, best practices, information on foreign markets and exporters-importers matching. Cooperation among agencies will further facilitate trade and increase exports on the global level,’ added Mr. Al Mansouri.
‘TPOs deliver real impact. Studies confirm that TPOs not only generate around US$ 40 for each dollar invested in them,’ said Arancha González, ITCs Executive Director, ‘they also make a substantive contribution to facilitate the internationalization of SMEs, and drive growth and job creation in support of sustainable livelihoods.’
Leading trade officials and business leaders have come together at the conference to exchange views on varied topics critical to formulating trade policy and strategy in the coming years.
‘The global trade landscape has seen tremendous changes in recent years, demanding innovative approaches to overcoming barriers and ensuring a level playing field. As a TPO Network member from a progressive hub like Dubai, we are proud to host an inclusive discussion of trade bodies on future strategy in partnership with ITC,’ said Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports.
During the opening of the event, participants also heard His Excellency Alexander Mora, Costa Rica’s Minister of Foreign Trade, share his country’s experience in creating greater effectiveness in linking trade development and investment promotion.
TPO representatives attending the conference will benefit from the experience of their counterparts across Africa, Asia, Europe and Latin America, who are showcasing their best practices on strategic issues ranging from expanding client base to improving operations.
DP World, Noor Bank and Al Nabooda Automobiles are the official sponsors of the conference being held in the Middle East for the first time.
About Dubai Exports
Dubai Exports, an agency of the Dubai Department of Economic Development, Government of Dubai, commenced operations in 2007. As part of the Economic Development Department of Dubai, its mandate is to facilitate trade from Dubai and establish itself as a world-class export development and promotion body by creating an enabling environment for Dubai’s exporters. Dubai Exports has developed a range of value-added trade support services to UAE-based firms exporting through Dubai, for accelerated and profitable expansion of their businesses in foreign markets.
For further information, please contact:
Marketing & Communication Department
Department of Economic Development
Tel: (971 4) 361 3070
Email: faisal.pathiasseri [at] dubaided.gov.ae
ITC is the joint agency of the World Trade Organisation and the United Nations. ITC assists SMEs in developing and transition economies in becoming more competitive in global markets, thereby contributing to sustainable economic development within the frameworks of the Aid-for-Trade agenda and the Millennium Development goals.
For further information, please contact:
Jarle Hetland, Media Officer
Office of the Executive Director
Email: hetland [at] intracen.org