UAE’s DMCC explores ways to boost bilateral trade with Colombia

By Shilpa Annie Joseph, Official Reporter
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Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has discussed ways to strengthen bilateral trade between Dubai and Colombia with its President, Iván Duque Márquez.

The meeting was also attended by a senior delegation of Colombian ministers and 50 Colombian business leaders.

According to the statement, the visit was marked by an event attended by over 100 stakeholders that connected senior Colombian public and private sector figures to their Dubai counterparts and Colombian business leaders already based in the emirate. The event encouraged cooperation in trade opportunities between the two countries.

Mr. Ahmed bin Sulayem, executive chairman and chief executive officer of DMCC said, “It was an honor to host President Iván Duque Márquez in Dubai while exploring the huge potential that Colombia represents.”

According to the reports, Colombia is a crucial marketplace for the DMCC, given the country’s deep experience within the coffee industry. Colombian coffee exports amount to over 780 million kg per year.

“Throughout the networking event, many Colombian businessmen expressed interest in the DMCC Coffee Centre, with the DMCC highlighting the benefits of using its services for roasting, packaging, testing and global distribution,” as per the statement.

The DMCC is quickly transforming as a key center for Latin American companies seeking to expand in the region and get access to global markets.

Particularly relevant to the Colombian market, DMCC has revealed intentions to open a state-of-the-art DMCC Cacao Centre as part of its aim to increase the range of commodities it serves. The DMCC also recently announced the tripling of capacity at its Coffee Centre in order to meet rising worldwide demand.

Related: UAE, Indonesia to expand ties as bilateral trade increases