(MENAFN - Khaleej Times) This was revealed at a Press conference held at Expo Centre Sharjah to announce the details of the 12th Chinese Commodities Fair Sharjah, or CCFS, the largest Chinese fair in the Middle East.
In value terms, trade between the countries from January to June reached 21.435 billion, a 13.68 per cent growth from the same period last year, with China's exports to the UAE standing at 15.444 billion and exports from the UAE to China touching 5.991 billion.
In 2012, bilateral trade between China and the UAE stood at 40.42 billion, according to the Chinese Customs statistics.
The Press conference was addressed by Saif Mohammed Al Midfa, chief executive officer of Expo Centre Sharjah, and Patrick Zheng Shuo, general manager of the China Machinery and Electronics Products Exhibition Centre.
"The Chinese Commodities Fair Sharjah has been playing the role of a catalyst in boosting the bilateral trade between the UAE and China. The UAE is now China's largest export market and the second largest trade partner among Arab countries. The 12th edition of the show will continue to cement the trade and economic activities between the countries and offer immense opportunities for traders and investors from both sides," said Al Midfa.
China's trade with several Western countries was affected by the economic slowdown, but its economic ties with the GCC have continued to grow significantly even in the aftermath of the global financial crisis, with the CCFS being a conduit for enhancing bilateral trade.
Global consultancies have predicted that bilateral trade between China and the Middle East will reach between 350 billion and 500 billion by 2020, with Gulf states, most of them being major oil suppliers, accounting for the lion's share of the trade.
"For its 12th edition, the show will focus on Chinese green food and visitors can expect fresh fruits, vegetables and grains, dry fruits, beverages and frozen food. Apart from the green food, there will be exhibitors displaying fast food and puffed food processing equipment," said Shuo.
About 150 leading producers and dealers from various Chinese provinces have already booked their space for the show. For the first time, exhibitors from South Korea will also take part in CCFS 2013, displaying health and nutritional products.