As Malta and the United Arab Emirates look to forge closer trading links, a seminar was recently held in the Metco Dubai office, which has been dubbed in the region as the Malta Trade Centre.
During the conference, Dubai Chamber of Commerce and Industry director general Abdul Rahman Al Mutaiwee told delegates that Malta's location offered an ideal entry point into local markets. The director general also noted similarities in language and culture between the two nations which led him to the conclusion that Malta should be treated as a trading partner as opposed to a competitor. Similarly, Joe Zammit Tabone, director general of Malta enterprise, explained how Malta could be used as a springboard to enter the Southern European and North African Markets.
Recently, Malta and the UAE signed a treaty aimed at preventing double taxation between the two nations and also facilitated the establishment of a Maltese consulate in Dubai. According to the Dubai Chamber of Commerce, trade between the two nations has increased significantly in recent years has risen from $10 million in 1997 to $22 million in 2001.
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