Taiwanese brands to reach MENA B2B businesses on Tradeling

10x Industry

Mita Srinivasan
10x Industry
Published:

Taiwanese brands to reach MENA B2B businesses on Tradeling

Bilateral trade between Taiwan and the UAE totalled US$4.3 billion in the first three quarters of 2021, an increase of 47.4 percent over the previous year, including an increase of 10.3 percent in exports to the UAE

Tradeling, the eMarketplace for business-to-business (B2B) transactions in the Middle East and North Africa (MENA), has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA) to enable Taiwanese 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.

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 totalled US$4.3 billion in the first three quarters of 2021, an increase of 47.4 percent over last year, including an increase of 10.3 percent in exports to the UAE.

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.”

Currently, Tradeling has over 100,000 registered buyers and sellers from 55 countries with gross merchandising value growth of more than 65 percent month over month. Tradeling ensures a reliable and smooth trade process in addition to providing logistics and financing solutions.