Turkish companies see 11% increase in joining DMCC after UAE-Turkey trade deal
Nov 05, 2024•8 months ago
Contract Type
partnership
DubaiGovernmentDescription
The comprehensive economic partnership agreement (Cepa) between the UAE and Turkey has led to an 11% rise in the number of Turkish companies joining the Dubai Multi Commodities Centre (DMCC) in the past year. This agreement has created greater collaboration and removed tariffs on a range of products, particularly benefitting energy companies and the food and agricultural industries.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months