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Dubai textile and fabric trade touches $4.47 bn in 2014
29
Apr '15
The value of the textiles and fabrics trade in Dubai in 2014 was around $4.47 billion (AED16.4 billion), with $2.76 billion (AED10.14 billion) in imports, $ 35 million (AED1.3 billion) in exports, and $1.5 billion (AED 4.22 billion) in re-exports, the UAE’s official news agency WAM has reported.

In a statement to WAM, the director of Strategy and Corporate Excellence Department at Dubai Customs, Ahmed Abdul Salam Kazim, said that the results were issued by the department in conjunction with the International Textile Fair earlier this week at the Dubai World Trade Centre.

Speaking about the role Dubai plays in the industry, he said, "Dubai plays a vital role in linking the textiles and fabrics markets in different regions of the world, especially in Asia, Africa and Europe." He said the emirate is a key centre for textile trade in the GCC and other surrounding markets.

Kazim also said that Dubai Customs supports the textiles and fabrics trade by providing great facilities, commercial and customs services to traders in the sector, in addition to speedy customs clearance.

The International Textile Fair (ITF) is a major draw for international large-scale textile producers and distributors to cater to the booming regional textile requirements. This one-of-a-kind platform in Dubai allows the Middle Eastern designers and garment retailers to access some of the largest global manufacturers of fabrics and prints.

Over 200 exhibitors from Italy, Portugal, Turkey, India, China, Indonesia, Japan, Korea, and other international markets took part at ITF 2015. (SH)

Fibre2fashion News Desk - India

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