Industries : petroleum and petrochemicals; aluminum, cement,
fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles
Exports : US $ 300.6 bn (2012 est.)
Major Export Commodities : crude oil 45%, natural gas, reexports,
dried fish, dates
Export Partners : Japan 16.2%, India 13.5%, Iran 10.9%, South
Korea 5.6%, Thailand 5.5%, Singapore 4.4% (2011)
Imports : US $ 220.3 bn (2012 est.)
Major Import Commodities : machinery and transport equipment,
chemicals, food
Import Partners : India 19.8%, China 13.7%, US 8.1%, Germany
4.6% Bilateral Economic & Commercial Relations: India - UAE India and the United Arab Emirates (UAE) enjoy a strong and friendly relationship based on historical contacts, shared traditions and values. Being one of the significant trade corridors in the world, UAE has emerged as Indias second largest trade trading partner after China. UAE, a long standing commercial and business hub of the Arabian world, has also emerged as the third major re-export centre in the world after Singapore and Hong Kong. India's exports to the UAE are well diversified with a large basket. Major items of India's exports to UAE have been petroleum products, precious metals, stones, gems & jewellery, minerals, food items (cereals, sugar, fruits & vegetables, tea, meat, and seafood), textiles (garments, apparel, synthetic fibre, cotton, yarn) and engineering & machinery products and chemicals PESTLE Analysis Political Each Emirate has its own governmental institution. Economic Wealth is based on oil and gas exports (Abu Dhabi) Social Islam plays a large role in business Technological Telephones (land line and cell), radio broadcast stations, television, internet Legal Court proceedings in the UAE are time-consuming. Environmental -Arid/tropical, sandy desert, and coastal areas SWOT Analysis Strengths Free Trade Zones, relative ease of business start up Weaknesses One needs a network of people in order to expand opportunities Trust must be gained before any business transaction occurs Opportunities Large export market Trade missions Threats Sandstorms and dust storms occur frequently. ENTERING THE MARKET A local sponsor or service agent Trade license Register with the local Chamber of Commerce and Industry, the Economic Development Department, and with the Minister of Finance Annual renewal of the trade license Company can function only within the emirate where the license was granted Separate license must be obtained to open a branch in other emirates Free Trade Zones SELLING DAIRY PRODUCTS
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