Trade per capita in UAE hits $61905

The trade per capita in the UAE for 2010-2012 was US$61,905, compared to US$24,209 in the UK, while the Trade to GDP ratio (2009-2011) in the UAE reached 152.6, compared to 63.9 for the UK (2010-2012). Published by World Trade Organisation (WTO) in its latest report "Trade Profiles” that combines information on trade flows and trade policy measures of world economies, these figures were released on the second day of the 28th International Autumn Trade Fair (IATF2013), the region's pioneer consumer goods show that concluded yesterday at the Dubai International Convention and Exhibition Centre. Satish Khanna, General Manager of Al Fajer Information & Services, organiser of the show, said: "The revelation that the value of export of commercial services for the UAE reached US$14,279 million in 2012, as per WTO latest report, augurs well for the future of UAE trade, which in turn boost the position of IATF as one of the leading shows for consumer goods trade in the region.” He added: "Many new exhibitors coming from China, Taiwan and Korea have expressed their desire to open headquarters in the UAE to serve the entire MENA region. They are upbeat on the growth of this industry in the UAE. Asian exhibitors are particularly keen to start operations in the UAE.” IATF 2013 has emerged as a leading regional buyer-seller meeting ground for the consumer goods segment in the Arab region. The show featured 200 exhibitors from 10 countries. Source: The Gulf Today