MoU aims to facilitate trade and exports between UAE & Taiwan and enhance investment opportunities across multiple sectors

Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in the Middle East and North Africa, has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA) to enable Taiwan-based manufacturers, retailers and brands to export their goods and services to the MENA region on Tradeling’s e-commerce platform.

The agreement will allow both entities to exchange information on trade, policies, goods, services and partnership possibilities that may be available from either side and to create partnerships by introducing each other to key service providers ranging from system integrators to logistics companies. Tradeling will also provide logistics support and services such as trade finance and product registration and certification to Taiwanese companies to facilitate trade opportunities without the need for travel to the region.

Commenting on the agreement, Marius Ciavola, Chief Executive Officer of Tradeling, said: “Countries in the MENA region and Taiwan have long enjoyed strong trade relations across multiple sectors from petroleum oil to consumer electronics, and this agreement will further enhance these relations by allowing the SME sectors to have quicker access to products from Taiwan and vice versa. In addition, we will be organizing meetings, webinars, and seminars to inform the business community about the investment potential available and the efficiencies being achieved through B2B ecommerce.”

TAITRA & Tradeling

Fu-Tai Wei, Director of Taiwan Trade Centre, Dubai, said: “As Taiwan’s foremost non-profit trade promoting organization, we are glad to have a trust-worthy partner here in Dubai to help Taiwan do business in the MENA region. Tradeling’s local know-how, e-commerce platform and total solution services will definitely enhance the trade between Taiwan and MENA.”

According to the Taiwan Bureau of Foreign Trade, Ministry of Economic Affairs, bilateral trade between Taiwan and the UAE totaled US$4.3 billion in the first 3 quarters this year, an increase of 47.4% over last year, including an increase of 10.3% in exports to the UAE.

Led by a team of experienced technology start-up builders, Tradeling ensures a reliable and smooth trade process in addition to providing logistics and financing solutions. Connecting global suppliers with MENA-based demand, the platform leverages advanced technology to optimise the supply chain and creates economic value in addition to mitigating risks. Today, Tradeling has over 100,000 registered buyers and sellers from 55 countries with gross merchandising value growth of more than 65% month over month.