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UNITED ARAB EMIRATES
THE PEPPER TRADE
Presented by
Parsram Dhirani
Royal Golden General Trading LLC Dubai
UNITED ARAB EMIRATES
POPULATION: 8,264,070 (2010)
CAPITAL: ABU DHABI CURRENCY: DIRHAMS OFFICIAL LANGUAGE: ARABIC EMIRATES (7) : ABU DHABI, DUBAI, SHARJAH, AJMAN, FUJEIRAH, RAS AL KHAIMAH, & UMM AL QUWAIN
UNITED ARAB EMIRATES MAJOR COMMERCIAL HUB SEAPORTS: Dubai, Jebel Ali AIRPORTS: TERMINALS 1,2,3 and Al Maktoum International Airport BEST AIR LINE CONNECTIVITY LAND: METRO, BUSES, TAXIS,
UNITED ARAB EMIRATES
SECURE & CRIME-FREE EXCELLENT INFRASTRUCTURE POPULAR TOURIST DESTINATION NO INCOME TAX
Spices
• Black Pepper
• White Pepper
• Cloves
• Cardamom
• Cumin Seeds
• Nutmeg
• Ginger
• Chilies
• Saffron
Dry Fruits
• Almonds • Cashews • Pistachio • Pine Seed • Raisins
UNITED ARAB EMIRATES “THE KING OF SPICES”
Black Pepper – Piper Nigrum
Traditional Origins Vietnam India Brazil Indonesia Malaysia Sri Lanka Madagascar Others
UNITED ARAB EMIRATES Pepper Trade in UAE
Preferred origins
Refundable 5% Custom Duty
Physical inspection
Gross for net
Payment Terms
80-90% Re-export
UNITED ARAB EMIRATES
Pepper Trade in UAE (Contd)
Problems faced:
◦ Arabic Labeling
◦ Quality
◦ Un Timely Shipments
◦ Defaults
Annual UAE Imports of Black Pepper (MT) Country 2009 2010 2011 2012
Vietnam 11,056 13,325 12,310 10,310
India 439 534 1,218 281
Brazil 127 108 211 103
Indonesia 61 28 28 47
Sri Lanka 34 129 16 141
Malaysia 1 1 1 2
Others 300 300 300 300
Total 12,018 14,425 14,084 11,184
TOP THREE IMPORTING COUNTRIES FROM VIETNAM
Imports Per Year (Metric Tons)
2008 2009 2010 2011 2012
America 13,450 14,917 16,414 22,336 17,417
Germany 6,067 14,012 14,997 10,059 10,764
UAE 7,832 11,053 13,180 11,016 10,324
UNITED ARAB EMIRATES Why Dubai? Gate way to many markets Inspect material before purchase Raw materials from multi origins Fair price and well dried goods Assorted container Quick shipments Fast custom clearance Short transit time Fast and efficient banking Visa within 24 hours Buyers enjoy credit facility
UNITED ARAB EMIRATES • Major Export Destinations
• GCC (7 days)
• Egypt (16)
• Iraq (3)
• Jordan (10)
• CIS states (25-30)
• Libya (29)
• Iran (1)
Afghanistan (7)
Algeria (20)
African destinations (25-30)
Yemen (5)
Pakistan (3)
Oman (1)
Turkey (18)
UNITED ARAB EMIRATES Recommendation
• Pepper Conclave during: • Gulf Food Exhibition - Dubai
• SIAL Middle East – Abu Dhabi
• Food Agro – Tanzania
UNITED ARAB EMIRATES Glimpse into the Future
• Past – 500 faq • Present – Clean and heavy pepper • Future – Tougher food laws • Increasing demand for superior and
sterilized goods • New airport will serve 160 mil
passengers • Popularity of food exhibitions • Candidate city for Expo 2020
Thank You