Dubai to open trade office in Panama, in LatAm biz push

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Dubai is preparing to open an office in Panama,  as part of the emirate’s ongoing efforts to boost its economic and trade ties with Latin America, it was announced yesterday.

The announcement of the plans for the new trade office came during a two-day business forum hosted the Dubai Chamber of Commerce and Industry, on Tuesday and Wednesday, and was also posted on the Chamber of Commerce’s website.

Although no date was given for when the new office was scheduled to open, local press reports quoted Chamber of Commerce officials as saying it could take place “within weeks”.

When open, the Panamanian outpost will be the Dubai Chamber of Commerce’s second in Latin America, following its opening of an outpost in Brazil last year, and it has also announced plans to establish an outpost in Argentina, the press reports noted.

When it  opened in April, the São Paulo, Brazil office was the Dubai Chamber of Commerce’s eighth representative office, according to a statement at the time. 

Present at the forum yesterday in Dubai were Panama’s president, Juan Carlos Varela Rodríguez, and Dubai’s crown prince, Mohammed bin Salman, as well as other current and former heads of state, ministers, senior government officials and business leaders.

In a separate development, the Dubai Chamber of Commerce signed a memorandum of understanding with the Bogotá Chamber of Commerce “on the sidelines” of final day of the Global Business Forum on Wednesday, which it said would help boost trade and investment ties with the city-region of Bogotá,   Colombia.