DEDC pens trade deal with Australia

12/01/2009 - Dubai Investment News
DEDC pens trade deal with Australia

The Dubai Economic Development Corporation (EDC) has announced that it has signed a new trade agreement with Australia, Arabian Business reports.

As part of the new Tradelink partnership with the Australian Trade Commission, the two states will develop a framework for increasing export, trade, exhibition and training cooperation.

The EDC added that the new agreement will help the "Made in Dubai" mark become established as a sign of quality across the world.

Commenting on the new deal, Saed Al Awadi, chief executive officer of EDC, said: "The Australian and Dubai economies enjoy complementary characteristics and this agreement specifically defines areas where both organisations can continue to focus efforts to increase cooperation and subsequent opportunities."

The move will also help strengthen Dubai's export of stone, cement, ceramic and glass products, which have been a key area of trade growth between the two countries.

In other developments, the EDC recently signed a new information sharing agreement with key players in Dubai's export industry to enhance commodities trading.