Page 38 - SUPERBRIDGE PR REPORT - SEPTEMBER 2024

9/25/24, 2:11 PM SuperBridge Summit 2024 - Financial Markets Media
SuperBridge Summit

2024

September 25, 2024 5:32 am No Comments

Catalyzing New Pathways for Trade and Investment Between the Middle East and Latin America

Dubai, United Arab Emirates, 24 September 2024 – 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. Organized 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, fertilizers, aluminum, and related products, plastics, and related items, as well as electrical
machinery and equipment. Conversely, imports from Latin America totaled 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 per cent of GCC exports and 50.01 per cent of
imports.

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