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Zions Bank Dubai Abu Dhabi Istanbul Trade Mission Utah International Trade and Diplomacy Office ITDO GOED July 14, 2014 | 3:07 pm

Zions Bank United Arab Emirates & Turkey Trade Mission (Oct 25-Nov 1, 2014)

Mountain States Trade Mission to Dubai, Abu Dhabi & Istanbul

Zions Bank, in coordination with the U.S. & Foreign Commercial Service offices in Utah, Idaho, and Montana, the World Trade Center Utah, and additional trade promotion partners, is supporting a trade mission of businesses from the Mountain West region to the UAE and Turkey, October 25-31, 2014. This trade mission presents an excellent opportunity to meet potential partners or buyers in these two dynamic, regional gateway markets.

Best Industry Prospects – United Arab Emirates

The United Arab Emirates (UAE) is federation of seven emirates located on the Arabian Peninsula. The UAE’s prosperity is based in large part on the country’s vast oil and gas reserves, most of which lie in the largest emirate, Abu Dhabi. It is one of the wealthiest nations in the world with per capita GDP in 2012 approaching $50,000. The UAE, particularly the emirate of Dubai, has long been recognized as the commercial and business hub of the Middle East and beyond. With a $300 billion a year economy and excellent infrastructure, the UAE affords an excellent location for U.S. companies to conduct business in the region. The presence of almost 1,000 American firms in the UAE underlines this fact. The UAE has developed a leading role in business services, including finance, and has effectively created a logistics hub between east and west. It is home to one of the busiest man-made port in the world, Jebel Ali as well as two of the fastest growing airlines in the world, Emirates and Etihad. The country has no corporate taxes (with the exception of banks and foreign oil companies that have concessions in UAE oilfields), no income taxes, and a relatively low import duty of five percent on most products.

Best Industry Prospects – Turkey

Turkey’s rapidly expanding economy, political and economic stability, and the possibility of EU membership continues to attract the attention of a variety of American companies. In 2011, U.S. exports to Turkey reached a record $14.7 billion, and while 2012 brought a slight decline in exports ($12.6 billion), total U.S.- Turkey trade remained at a near record of more than $19 billion. Turkey’s financial sector is stronger than that of many other countries, due in part to a series of reforms in the wake of the 2001 financial crisis which left Turkish banks better leveraged than many of their U.S. and European counterparts. Across many sectors, U.S. exporters have excellent immediate and medium-term prospects in this diverse market.

What the trade mission will offer you and your business in the UAE and Turkey:

  • Meet prescreened business contacts face-to-face, including potential agents, distributors, buyers and joint-venture partners, in one-on-one appointments scheduled for you in advance.
  • Connect with industry decision-makers and government officials at VIP networking receptions.
  • Engage with U.S., UAE and Turkish business leaders already successfully operating in the UAE and Turkey. Assess the business climate, trade policies and market opportunities to determine if the UAE and Turkey are right for your business.
  • Enjoy group business and cultural excursions in Dubai, Abu Dhabi, and Istanbul.

Trade Mission Itinerary will include:

October 25-27, Dubai, UAE

  • One-on-one business meetings through Gold Key Service
  • Embassy hosted business networking reception
  • Embassy business briefing

October 27-29, Abu Dhabi, UAE

  • One-on-one business meetings through Gold Key Service
  • Embassy hosted business networking reception
  • Embassy business briefing

October 29-31, Istanbul, Turkey

  • One-on-one business meetings
  • Business networking reception
  • Embassy business briefing

Additional information is available by contacting the individuals listed below.

Logistics and fees information:

Tausha Dingman

Gold Key Service information:

Shelby Peterson