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UAE Freezones Biz News Updates
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UAE-Argentina Business Platform Launches Operations in Jebel Ali Free
Zone
 The
agreement follows a meeting between Sultan Ahmed Bin Sulayem, Group Chairman
and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation,
and Mr. Miguel Braun, Argentine Secretary of Trade and a high-level delegation
visiting the UAE.
The agreement follows a meeting between Sultan Ahmed Bin Sulayem,
Group Chairman and CEO of DP World and Chairman of Ports, Customs and Free
Zone Corporation, and Mr. Miguel Braun, Argentine Secretary of Trade and a
high-level delegation visiting the UAE.
As part of efforts to strengthen trade ties between the UAE and Argentina,
the Emirates Argentina Business Platform is to open its office in Jebel Ali
Free Zone (Jafza).
The agreement follows a meeting between Sultan Ahmed Bin Sulayem, Group
Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone
Corporation, and Mr. Miguel Braun, Argentine Secretary of Trade and a
high-level delegation visiting the UAE.
The meeting was also attended by Mr. Juan Caceira, President of the
Argentine Federal Investment Commission, Mr. Fernando Martini, Argentine
Ambassador to the UAE, and Gabriel Osatensky, Managing Partner of the
Emirates Argentina Business Platform, and senior Jafza officials.
The Business Platform promotes commercial relations between the UAE and
Argentina by connecting producers of goods and services with different types
of consumers. The two sides discussed ways to cooperate and strengthen trade
relations by enhancing the presence of Argentine companies through
incentives and services provided by Jebel Ali Port and Free Zone.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of
Ports, Customs and Free Zone Corporation, said: “This is a major milestone
for DP World and Jafza in our long-established relationship with Argentina
where we operate marine terminals. We thank our Argentine partners for
choosing to base the Emirates Argentina Business Platform in Jafza
recognising its growing importance as the region’s top business enabler.
With our strong presence across South America, Jafza is keen to build on
enduring partnerships with Argentina and other Latin American countries. Our
investments in Argentina make us an ideal partner with the ability to link
markets, products, and commodities to MENA markets via Jebel Ali Port and
the Free Zone. Our extensive reach and the UAE’s strategic geographic
location will help boost the competitiveness of Argentine goods in the
region. We look forward to encouraging businesses in the UAE to communicate
with counterparts in Argentina to establish beneficial commercial and
industrial partnerships using the Platform as a bridge linking the two
markets.”
Gabriel Osatensky, Managing Partner of the Emirates Argentina Business
Platform, said: "The Platform is the cornerstone for enabling the movement
of Argentine products to UAE, Middle East and North African markets,
encouraging cooperation between Argentine producers and local suppliers.
From our new base in Jafza we will be able to help Argentine companies
identify investment opportunities across the region and grow their
businesses.”
Commenting on how the idea of establishing the Platform came to live, Waleid
Bin Abdulkareim, Co-founder of the Emirates Argentina Business Platform,
said: “The recommendations of His Highness Sheikh Mohammed bin Rashid Al
Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,
during his tour of Latin America, in 2014, has led us to work towards
achieving His Highness's strategic vision to open new markets and facilitate
the exchange of economic benefits and natural resources, which is in the
mutual interest of all countries and plays a role in maintaining the UAE
statue in the world. Our efforts in the past three years have resulted in
the establishment of strong trade relations with the Argentine Republic and
the launch of the Business Platform crowns those efforts.
Jafza offers incentives such as exemption from import and re-export duties
and seamless e-services making it easier for businesses to establish
operations in the Free Zone.
Argentine companies trading in agricultural, meat and other food products
can benefit from Halal certificates granted by the Standards and Metrology
Authority following growing global demand for halal fish.
DP World operates Terminales Rio de la Plata (TRP) in the heart of Buenos
Aires, handling containers, general cargo and cruise vessels. The company is
also located in in Brazil, Peru, the Dominican Republic, Ecuador and
Suriname.
Argentina is Latin America's third largest economy and has plans to
strengthen its presence in the Middle East, especially in the GCC.
February 25, 2018 |
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Courtesy Al Bawaba
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