Dubai is an ideal place for doing business. Dubai has turned into one of the world’s leading cities in financial and service activities. Import export training classes can make it easy for you to understand what is the process to export products to Dubai. Since 1996 UAE has open trade and shared trade relations with countries throughout the world. Now Dubai has emerged as a key international trade hub between east and west. Future Trade relations of India and UAE can be profitable for traders. India and UAE hope to sign a formal free trade agreement in the early part of 2022 to achieve over $115 billion bilateral trade in five years.
Why Dubai is best for export?
Dubai’s economy is diverse, it includes sectors as international trade, banking, real estate, finance, manufacturing industry and many more. Dubai supports foreign manufactures with a low cost but effective financial service system. Thus, having a good economy means more import of your product.
- It has strong and reliable banking system
- Dubai is a re-export hub and ideal gateway to enter the UAE.
- As Dubai is a rich city, companies and citizens have high purchasing power.
- Seaports and airports are available, making the trade fast and cheap.
Top products to Export Dubai:
If you are wondering what you can export from India to Dubai here’s your answer-
- Clothing
- Iron and steel
- Cereals
- Petroleum products
- Organic chemicals
- Diamonds and precious metals
- Nuclear reactors
- Machinery and electrical equipments
- Metals
- Transportation equipments
- Meat and seafood
- Fruits & Vegetables
- Textiles
- Electronic products
Culture, Communication, Economy, Government, and Currency of Dubai
Dubai, situated in UAE is a place that follows Islamic religion and Tradition Arab culture. Arabic is the official language of Dubai but there you will also find most of the people speaking in Hindi and English. Dubai is considered as one of the richest cities of the world. Many people assume that the source of its riches is from oil, but the fact is only 5% of Dubai’s GDP comes from oil. Dubai follows a ‘’tribal autocracy’’ government system. There are no democratically elected institutions. ‘Emirati Dirham’ officially known as ‘AED’ (Arab Emirates Dirham) is the currency of Dubai.
Trade Regulations of Dubai-
Dubai has a liberal trade regime although there are limitations and conditions on foreign investments. UAE maintains non-tariff barriers to trade and investment in the form of restrictive agency/ sponsorship/ distributorship requirements and restrictive shelf-life requirements. The entry of these product needs special permission for import in Dubai:
- Alcohol
- Drugs
- Ammunition and explosives
- Agricultural pesticides
- Methyl alcohol
- Industrial alcohol-denatured
India and Dubai Trade-
India is the third largest trading partner of UAE in the year 2019-2020 after China and US. India has emerged as Dubai’s second biggest trading partner with overall volume touching 38.5 billion dirham in the first half of 2021. Dubai’s trade with India grew 74.5% year on year to 67.1 billion from 38.5 billion dirham in 2020. Exporting and importing needs a lot of knowledge. It can be difficult for the new ones in international business. Dubai export market has become very competitive in many sectors, and it demands hard work and creative ideas to fit into the market. If you also want to export your product to Dubai and are still wondering how? Get your answer by joining the online import export course of Digital Exim. Digital Exim provides you online live sessions with our trade managers who are into this business for a long time. Get personal consultancy and one on one live doubt solving sessions. Avail the special facility by getting your trade plan, trade materials and many more. We believe in making efforts and taking actions. Make a better career in export import business. Give us a visit to know about the export import Industry.
