UAE
Trade in UAE food products amount to AED31.7 billion in Q1 2020

(WAM) — The value of Emirati food products traded in the first quarter of 2020 totalled AED31.7 billion, according to the latest figures from the Federal Competitiveness and Statistics Authority.
The figures also show that the value of the country’s food imports in the first quarter of 2020 amounted to AED17.98 billion while trade in medicines and pharmaceuticals amounted to AED4.5 billion, including imports worth AED3.55 billion and the rest were exports and re-exports.
The medicines and pharmaceuticals trade in the first quarter of 2020 accounted for some 24 percent of the UAE’s total trade in this category in 2019.
As part of the country’s efforts to achieve food security, the UAE Cabinet formed a working team to study the development of modern agriculture in the country, to support the adoption of modern technologies in the agricultural sector, providing food products that meet the market needs and raising the competitiveness of local products.
The Emirates Council for Food Security adopted a mechanism to monitor food imports to follow their movement within the supply chain, comprising three key phases.
The National Food Security Strategy aims to create a comprehensive national system based on enabling sustainable food production and identifying the requirements of the national food basket that includes 18 key items, in line with required standards that include knowing the levels of local consumption, production capacity, and food requirements.
The strategy also includes 38 long- and short-term initiatives focussing on four strategic areas, which include facilitating global food trade, diversifying sources of food imports and identifying alternative supply sources.
-
Banking & Finance2 months ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines1 month ago
OER, July 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, July 25
-
Education2 months ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Digital2 months ago
Russia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News1 month ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Banking & Finance2 months ago
Sohar International Partners as Main Sponsor for Refill 3, a Culinary and Cultural Festival Driving Tourism in Khareef Dhofar
-
Energy2 months ago
Oman Investment Authority launches the Sultanate’s First Energy Transition Fund