A freezone in Dubai has established an agricultural trading platform to connect Indian farmers with food companies in the United Arab Emirates, as the Gulf Arab country seeks to enhance its food security amid disruption of supply chains caused by the coronavirus.
The Dubai Multi Commodities Centre’s platform, named Agriota and developed with India’s CropData Technology, will enable trading in cereals, pulses, oil seeds, fruits, vegetables, spices and condiments.
The UAE and most other Gulf states import the bulk of their food, largely because their arid climates make crop and livestock cultivation difficult. They also depend on overseas supplies of medical, consumer and industrial products.
The UAE has “the ultimate goal of positioning our nation as a world leading hub in innovation-driven food security,” Ahmed Bin Sulayem, DMCC’s chief executive officer, said in a statement.
The government has taken several steps to ensure uninterrupted access to supplies since the virus spread around the world. A food-security council coordinates official efforts, including the stockpiling of essential goods. The country is also looking to farm rice to reduce its reliance on purchases from abroad.
The Committee, chaired by Assistant United States Trade Representative for Environment and Natural Resources Kelly Milton, exchanged views and priorities regarding trade and environment policies, including addressing the climate crisis,…
View ArticleThe Biden administration is moving to curb low-value shipments entering the US duty-free under the $800 ‘de minimis’ threshold, which it says has been abused by Chinese e-commerce platforms such…
View ArticleIn a joint letter to Dr. Mohammad Yunus — Chief Advisor of the Interim Government of the People’s Republic of Bangladesh — the American Apparel & Footwear Association (AAFA) and…
View ArticleIndustry updates and weekly newsletter direct to your inbox!