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Defeating Risk in Exporting

Saturday, November 10, 2012
The Foreign Trade and Export Support Division of the Abu Dhabi Department of Economic Development (ADDED) hosted more than 35 people for a free half-day seminar. The topic was export risk and how to minimize a company’s exposure to risk. H.E. Hamad Al Mass, Executive Director-International Economic Relations, stressed why this is an important topic, “If a company does not appreciate the different types of risk they face when exporting and how to protect itself, then it increases the possibility of poor export outcome.” He added, “This seminar was to increase the knowledge of people in companies so they are properly prepared to export.”ADDED brought Abu Dhabi companies from the fields of trade finance, export insurance, and law together. These companies developed the content and led the seminar for ADDED. Dr. Adeeb Al Afifi, Director of Foreign Trade and Export Support, thanked the companies that provided support to ADDED, “We are grateful to National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Coface, HSBC, Trowers and Hamlins, Noor Islamic Bank, and National Bank of Fujairah for donating their time and expertise. The knowledge of these companies and desire to see Abu Dhabi companies succeed as exporters is invaluable.”The seminar and the topic was enthusiastically receive by attendees. One construction sector attendee commented, “This was a very informative session.” A packaging sector attendee supported this by observing, “This is a valuable contribution toward meeting our company’s objectives.” A pharmaceutical sector attendee was enthusiastic when they said, “Organize similar events on other topics like this.” Dr. Al Afifi encourages companies to learn more about the benefits of exporting and how to export, “We look forward companies attending our Export Services Expo on November 18 and attending future export development seminars in 2013.”For more information on export development activities in Abu Dhabi, contactexportsupport@adeconomy.ae.
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