Commodity

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Related to Commodities trade: Commodities Brokers

Commodity

A tangible item that may be bought or sold; something produced for commerce.

Commodities are defined as marketable goods or wares, such as raw or partially processed materials, farm products, or jewelry. Intangibles, such as human labor, services, or advertising, are generally not considered to be commodities.

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The MoU serves to provide a framework of support and strategic cooperation on commodities trade including ways to enhance efficiencies; corporate governance and regulation; support further publication of commodities statistics; and further implementation of responsible sourcing measures in line with international benchmarks.
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The initiative is designed to further strengthen Dubai's position as the global hub for commodities trade and enterprise."
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Over-the-counter activities will continue within structured finance operations, which also offers commodities trade finance, it said.
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