Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Oil exports accounted for 93.7 per cent of commodity-based exports, a rise of 6.9 per cent over 2011 and worth Dh451.5 billion. But the real good news comes in the non-commodity sector, where the growth was 34.3 per cent greater in 2012 than the year before, amounting to Dh15.4 billion.
According to the economic data, imports by sea represented 69.9 per cent of import trade. It is also worth noting that re-exporting increased by 27.5 per cent to Dh14.75 billion.
This huge jump represents a concerted effort by government in shifting from dependence on the oil sector and developing other industries capable of raising the UAE’s economic profile and profitability.
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