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    UAE imports to Ph keeping trade ties afloat

    Staff Report Published: February 16, 2017

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    Imports from the UAE to the Philippines have been keeping merchandize trade ties

    between the two countries afloat in the past years, according to data from the Philippine

    Consulate General’s Trade and Investment Center.

    Merchandise trade between the Philippines and UAE peaked in 2012 at $2.16 billion, of

    which $1.94 million was in UAE imports, the bulk being petroleum products; while $220

    million was in Philippine exports.

    In 2011, UAE imports totaled $1.73 billion a sizeable bulk of the $1.95 billion trade for that

    year.

    Merchandise trade declined in 2013 at $1.37 billion, further down to $1.21 billion in 2014

    and $834 million in 2015, the data showed.

    But while this was so, direct foreign investments from the UAE to the Philippines havge

    steadily increased from $.46 million in 2008 to $1.66 million during the January to October

    period in 2016.

    There are three business projects in the Philippines with UAE equity as of November last

    year; moreover, there are five UAE companies operating in the country, among them

    Emirates Airlines, Etihad Airways, Dnata Wings Aviation, which provide airport ground

    handling services; and DP World, which provides port operational services.

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