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UAE to enhance export prospect

02 Dec '06
1 min read

Vietnam wants to cash in on the export relation with the United Arab Emirates (UAE). This will act as a gateway for the entry in the World Trade Organisation.

Vietnamese enterprises want to penetrate the UAE and take full advantage of the market. UAE has an unlimited market capacity and it acts as entrance into the market of Africa, the Middle East and the EU.

Most of the commodities imported to the UAE market are re-exported to other neighbouring countries.

The major exporting commodities such as agricultural products, textiles and garments, footwear, furniture and plastic have a high demand in the market.

Vietnam earned US $121 million by exporting to the UAE country which is about 36 percent more over previous year's figure. They expect to reach a turnover of $130 million by the end of the year and $170 million in 2007.

To maintain their prestige in the market, Vietnamese companies have improved their product quality.

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