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DTP planning to begin on-line trading through e-commerce

DUBAI — Dubai Trade Point (DTP), branch of World Trade Points Federation (WTPF) headquartered in Geneva is considering to launch on-line trading through e-commerce in Dubai early next year, said Bruno Masier, president, World Trade Points Federation (WTPF).

Masier, said: "The DTP will be custom tailor made as per the requirements of various economic sectors. We have signed an agreement with Dubai Chamber of commerce & Industry (DCCI) in this effect. We decided to tie up with DCCI since the Chamber would scrutinise every company before we incorporate it for our trade purposes. So only select companies, who qualify after stringent selection process would be able to trade on-line with international clients and vice- versa."

Abdulrahman Ghanem Al Mutaiwee, director-general, Dubai Chamber of Commerce & Industry (DCCI), said: " Establishing Dubai Trade Point (DTP) at the Chamber's headquarters is an additional mark of its endeavors to provide the best services to the business community. DTP is a center for information and facilitator for doing business through electronic commerce, which helps strengthening the country's trade exchange. The DCCI will focus more and promote exports, manufacturing sector and re-exports through DTP." DCCI had signed the agreement of establishing DTP at the WTPF , which is headquartered at United Nations Palace in Geneva, Switzerland on April 20, 2005. DTP will be a main source of information for the business sector providing statistics and information about imports, exports, customs and transportations. The Trade Point provides a huge electronic market through Buy and Sell services. It also provides a marketing opportunity for its members through export and supplier directory in addition to many other services, added Mutaiwee

The DTP will provide access to specialised business, market and investment information from more than 90 WTPF member countries. It will provides an access to unique Electronic Trading Opportunities (ETO) system, which allows them to post and receive business opportunities free- of- charge, as well as a unique possibility to develop joint projects with other Trade Points in the regional Trade Point forums. The World Trade Point Federation is an international non-governmental and non-profit organization established in 2002, grew out of an innovative program of the United Nations Conference on Trade and Development (UNCTAD). Through a network of more 120 trade information and facilitation centers, known as Trade Points, the WTPF assists small and medium-sized enterprises in over 90 countries worldwide to trade internationally through the use of electronic commerce technologies, added Masier.

The main objectives of the WTPF include increase the participation of SMEs in international trade, to help SMEs trade more efficiently, to assist Trade Points to become "one-stop-shops" where SMEs can obtain a full set of services with regard to trade information, facilitation and transaction, as well as electronic commerce. The DTP will give access to specialized business, market and investment information from more than 90 WTPF member countries and international visibility of Trade Point clients on the WTPFs web portal via their inclusion in the global client database.