Dubai Export Development Corporation (EDC), the Dubai government body charged with promoting exports from the emirate, has signed on Wednesday a memorandum of understanding with Dubai Multi Commodities Centre (DMCC), a strategic organization catering to the commodity market in Dubai, to seek, share and offer exclusive knowledge, competence and support to each other & their partners, and develop a mutually rewarding and successful relationship. The unique partnership has been forged with a view to enhance the Emirate's export capabilities through the provision of export support services to DMCC's vast member portfolio. The three-year agreement is in line with EDC's responsibility to develop and support the increasing demand on exports of various commodities, as well as sustain Dubai's growing economy. The MoU stipulates the establishment of a joint management committee to oversee EDC's provision of a number of specific services to, which will include export preparation, export facilitation and international trade assistance to DMCC member companies. “It has always been our endeavor to better export functions in Dubai. This agreement is a significant milestone in EDC's mission to identify and deliver trade support services to Dubai's commodity businesses,” said Saed Al Awadi, chief executive officer, EDC. “Dubai is the ideal location providing world class trading platform for a wide array of commodities. Its geographical position is a strategic strength as are the sophisticated infrastructure and enlightened leadership of the Emirate of Dubai,” he added. Ahmed Bin Sulayem, executive chairman, DMCC said: “DMCC's member companies hail from a variety of commodity sectors, and are continuously seeking to expand their businesses to international jurisdictions. We work closely with our registered members providing value-added services.” __
