H.E Ahmed Butti Ahmed, the Executive Chairman of Ports, Customs and Free Zone and Director General of Dubai Customs has stressed that Dubai’s trade relationship with India has been witnessing a considerable growth mainly due to the distinctive ties between the governments and people of the two countries and the joint economic agreements.
Ahmed Butti Ahmed said these remarks during a meeting on September 26, 2012, with Dr. T. Tiju, Economic Consul of India in Dubai.
During the meeting, which was attended by Assistant Consular Officer of the Economic Section V. Ramakrishnan, the two sides discussed means to boost economic and trade relations between Dubai and India as well as existing customs cooperation.
In addition, Ahmed Butti Ahmed emphasized the Dubai-India relationships, pointing out that India ranked first among Dubai’s major trade partners during the first six months of 2012, with the value of trade exchange between the two countries amounting to AED77 billion, constituting 13% of the total value of Dubai’s foreign trade which stood at AED602 billion during the same period.
The total value of Dubai’s imports from India, which included primarily diamonds, jewellery, electronic devices and mineral oil, reached AED35 billion during the first six months of 2012, while the value of its exports to India - mainly gold, diamonds, jewellery and copper wires – stood at AED19 billion during the same period. AED22 billion was the value of Dubai’s re-exports to India (mainly diamonds, jewellery and silver).