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8/18/05

Iran absorbs 35 percent of reexports from Dubai

Dubai, Aug 17, IRNA-Iran has absorbed 35 percent of Dubai reexports volume in the first quarter of 2005. The Dubai television said that in the period over dlrs 2.2 billion of goods were exported to Iran.

Iran ranked as the primary destination of Dubai exports and its free trade zones.

Dubai reexports to Iran, which have ranked first in reexports from the emirate in the past 10 years, dropped in the 2004, the Dubai Customs Internet Site reported here Monday.

"Iran's reexports from Dubai totaled 10.348 billion Dirhams and ranked second after India last year," it said.

Textiles, transportation-related equipment, electronic gadgets, fake jewelry, and precious stones are some of reexports by Dubai, it added.

In 2004, Dubai had over 80 percent of total non-oil foreign trade of United Arab Emirates.

The United States with 497,177,000 Dirhams of non-oil imports from Dubai Emirate was ranked second in 2004.

According to unofficial reports, the values of Iran's imports from Dubai were more than dlrs 4 billion in 2002.

Iran opened its trade center in UAE in June with the presence of Iranian and UAE trade ministers. Several UAE and Iranian officials were also present at the centers' opening ceremonies.

... Payvand News - 8/18/05 ... --



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