Business in Kuwait, Economy, Oil, Transport

1. Introduction to the State of Kuwait (Middle East)
2. Kuwaiti Economy
3. Business in Kuwait City
4. Business Opportunities in Kuwait
5. Foreign Trade of Kuwait
6. Transport and Logistics
   1. Access to the China-Pakistan Corridor
7. Investment in Kuwait
8. Case Study: Kuwaiti Petroleum industry diversification
9. Arab Fund for Economic and Social Development
10. Kuwait Fund for Arab Economic Development
11. Access to the Kuwaiti market
12. Business Plan for Kuwait

Kuwaiti Businessman.

1. Nasser Al Kharafi
2. Shaikha Al Bahar
3. Jawad Ahmed Bukhamseen
4. Maha Al-Ghunaim

International Trade and Business in Kuwait:

The objectives of the subject “Foreign Trade, Logistics and Business in the State of Kuwait” are the following:

1. To analyze the Kuwaiti Economy, Logistics and Foreign Trade
2. To identify business opportunities in the State of Kuwait
3. To explore the Kuwaiti trade relations with the student's country
4. To know the Kuwaiti Trade Agreements
5. To examine the profile of Kuwaiti Businesspeople
6. To know the importance of the Kuwaiti funds for development
7. To develop a business plan for the Kuwaiti market

The Subject “Foreign Trade, Logistics and Business in Kuwait” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate in World Trade.

Masters: International Business, Foreign Trade.

Masters for Kuwaiti Students.

Languages: or Kuwait Koweit.

1. Credits of the Subject “Business, Trade and Transport in Kuwait”: 1
2. Duration: one week

Kuwaiti Preferential Access and Trade Agreements:

1. Kuwait and the Arab Economic Area
2. Gulf Cooperation Council
   1. European Union-Gulf Cooperation Council
   2. India-Gulf Cooperation Council
   3. Australia-GCC Agreement
   4. Trade Agreements (as a member of the GCC with China, Singapore, South Korea, the EFTA, New Zealand, Thailand, and the MERCOSUR
3. Islamic Trade Preferential System
4. Greater Arab Free-Trade Area (GAFTA)

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention
3. BIC
4. Chicago Convention (ICAO)
5. International Maritime Organization
   1. Istanbul Convention
6. International Chamber of Shipping
7. International Road Transport Union (IRU)
   1. TIR Convention
   2. Guidelines on Safe Load Securing for Road Transport
8. Customs Convention on Containers - not a member

Islamic Organizations (Kuwait).

1. Arab League
2. Summit of South American-Arab Countries
3. Asia-Middle East Dialogue
4. Islamic Development Bank
5. Economic Commission for Western Asia (ESCWA)
6. Organization of Islamic Cooperation (OIC)
   1. Committee for Economic Cooperation
   2. Islamic Chamber of Commerce
   3. Islamic Centre for Development of Trade
   4. Economic Centre for Islamic Countries
7. Arab Gulf Programme
8. OPEC Fund for International Development
9. Afro-Arab Cooperation
10. Arab Bank for Africa (BADEA)

1. United Nations
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre
   3. Commission on International Trade Law (UNCITRAL)
   4. World Intellectual Property Organization (WIPO)
2. Asia Cooperation Dialogue
3. World Bank
4. World Trade Organization (WTO)
5. African Development Bank
6. International Monetary Fund

The State of Kuwait:

1. The most populated Kuwaiti region is the capital, Kuwait City
   1. Besides being the economic and commercial centre of Kuwait, Kuwait City is a major oil and petroleum products production port
2. Borders of Kuwait: Iraq and Saudi Arabia
3. Population of Kuwait: 4 million people
4. Area of Kuwait: 17,820 km²
5. Kuwaiti official language: Arabic
6. Abolition of Slavery in Kuwait: 1949
7. Independence from the UK: 1961

Religion in Kuwait.

1. Islam Sunni is the main religion of Kuwait
2. The main school of Islamic Jurisprudence is Maliki

Kuwait belongs to the Arab Economic Area.

1. Kuwaiti Economy is as small, wealthy, and open (GDP was 149,000 dollars);
2. The vast petroleum reserves are the pillar of the Kuwaiti economy (petroleum and its derivatives generate 95% of the exports of the State of Kuwait)
3. The State of Kuwait produces an average of 2.6 million barrels a day
4. Proven natural gas reserves of the State of Kuwait: 1% of the world reserves
5. In the non-Oil sector, the main activities are desalination, food processing, building materials, plastics, cement, and metal products
6. The Kuwaiti services sector represents 34% of the GDP
7. The Kuwait Stock Exchange is the third largest in the Middle East (behind Egypt and Saudi Arabia)
8. Commercial distribution sector has grown significantly in the recent years (malls)
9. Currency of Kuwait: Kuwaiti Dinar (KWD)

International Trade of Kuwait.

1. The main products of the Kuwaiti Exports are petroleum, oil products and fertilizers
2. The main Kuwaiti export destination are Japan 19.9%, South Korea 17%, Taiwan 11.2%, Singapore 9.9%, U.S. 8.4%, the Netherlands 4.8%, and China 4.4%
3. The main products imported from the State of Kuwait products are food, building materials, cars and parts, and clothes
4. The main origins of the Kuwaiti imports are the United States (12.7%), Japan (8.5%), Germany (7.3%), China (6.8%), South Korea, Saudi Arabia, Italy, and the UK

Kuwait has trade agreements (FTA) as a member of the GCC with China, South Korea, Australia, the EFTA, New Zealand, Thailand, and the MERCOSUR.

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