Page 31 - SUPERBRIDGE PR REPORT - SEPTEMBER 2024

9/25/24, 2:10 PM SuperBridge Summit 2024 to find new pathways for trade

SuperBridge Summit 2024 to find new pathways for

trade

DUBAI Tue, 24 Sep 2024

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An edition of the Summit

As Latin America and the Middle East navigate an increasingly interconnected global economy, the SuperBridge Summit 2024 is
set to play a pivotal role in forging new trade and investment partnerships between these dynamic regions.

Organised by the Dubai World Trade Centre (DWTC) and the SuperBridge Council, this year’s Summit will convene business
leaders, investors, and policymakers to explore opportunities for deeper collaboration and to unlock the untapped economic
potential that exists between the Gulf Cooperation Council (GCC) countries and Latin America.

Recent data reveals a strong upward trend in trade between the GCC and Latin America. According to the International Trade
Center's 2022 Trade Map, GCC countries exported goods worth $10.84 billion to Latin America in 2022. These exports primarily
consisted of mineral fuels, mineral oils, distillation products, fertilisers, aluminium, and related products, plastics, and related
items, as well as electrical machinery and equipment. Conversely, imports from Latin America totalled $21.25 billion, with major
items including natural or cultured pearls, precious metals, meat, edible meat offal, ores, slag, ash, cereals, sugar and sugar
confectionery. Notably, Brazil continues to play a critical role as the GCC’s main trade partner within Latin America, accounting
for 61.61% of GCC exports and 50.01% of imports.

Strengthening bilateral investments and partnerships

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