Page 46 - SUPERBRIDGE PR REPORT - SEPTEMBER 2024

9/25/24, 2:11 PM SuperBridge Summit 2024: Catalyzing New Pathways for Trade and Investment Between the Middle East and Latin America - Middl…

SuperBridge Summit 2024: Catalyzing New

Pathways for Trade and Investment Between the

Middle East and Latin America

By News Desk 1 September 24, 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.

https://menews247.com/superbridge-summit-2024-catalyzing-new-pathways-for-trade-and-investment-between-the-middle-east-and-latin-america/ 1/3