Dubai Export Development Corporation has signed an agreement to become a registered member of the General Organisation of Credit Alliance at a regional meeting hosted by the Egyptian companies of credit Alliance in Cairo..
The General Orgnisation is considered as one of the key global associations that provide trade credit facilities to its members that include issuing credit insurance, credit information training and credit management services.
This pact is part of DEDC’s strategy to increase Dubai’s exports, open new markets for 'Made in Dubai' products and encourage local business investors to venture into overseas markets.
"Dubai's exporters should first concentrate on the GCC and regional markets to increase exports while building trade relations with other international markets. This agreement will further motivate regional exporters to increase their trade activities in existing markets as well as new markets." said Eng. Saed Al Awadi, CEO, Dubai Export and Development Corporation (DEDC)
"Our goal is to develop growth oriented skills amongst UAE based manufacturing companies that will enhance long-term individual aspirations, provide them with a competitive edge, and enable them build closer ties with industry peers and create strong global trade relations. This membership will also enable us to utilize their technical, financial and information expertise.”
The regional meeting discussed the major global trade issues such as management & credit risk finance, and trade services management with several credit allinace companies from Saudi Arabia, Kuwait, Jordan, Egypt, Algeria, Tunisia and France.
Engineer-Awadi, Executive Director, Dubai Export Development Corporation has proposed the next regional meeting to be held in Dubai on January 9th, 2009.
About Dubai Export Development Corporation:
Established in 2006, the Dubai Export Development Corporation (DEDC) is an autonomous organisation under the directive of the Government of Dubai. Its vision is to be a world-class model in assisting and facilitating exporters, by creating an enabling environment for exports, with the aim of enhancing the competitiveness of Dubai as a preferred trading partner.
The DEDC has moulded its mission to identify and effectively deliver value-added trade support services to Dubai export enterprises for accelerated and profitable expansion of their business in foreign markets.
