Italy's trade with UAE grows
26/06/2008
Trade between Italy and the UAE is expanding, and has already reached a value of $5 billion annually. The figure came in a news statement from Italy’s ambassador to the Middle Eastern country, Paolo Dionisi.
“We are the UAE’s seventh largest trading partner; about 4.7% of the country’s imports are from Italy," Mr Dionisi told reporters while attending the first UAE boutique opening of Italian luxury leather goods company, Piquadro, in Abu Dhabi on June 24.
He said there were more than 300 Italian companies operating in the UAE at the moment.
“The potential for growth in bilateral trade is very high,” he said.
Italy’s exports to the
UAE constitute mainly leathergoods, textiles, fashion design, gold jewellery,
machinery for the industrial sector and high-end cars Mr Dionisi said.
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