Intra-regional trade in the Middle East has grown 28 percent between 2000 and 2007 and now represents 19.3 percent of all trade in the region, according to an economic note released by Dubai International Financial Centre (DIFC).
The report, published on Sunday by the DIFC economics unit which analyses World Trade Organisation data covering the years through to 2007, also revealed that Middle East trade was increasingly shifting toward Asia and away from the United States.
The DIFC note also showed an increased diversification toward non-oil products such as chemicals, travel and tourism.
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