Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE to boost trade ties with Hong Kong: Saleh  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) UAE is all set to boost its trade ties further with Hong Kong and benefit from its re-export hub, a senior official of the UAE Ministry of Economy said.

"Hong Kong and UAE share a historical trade relations with the trade touching 9 billion in 2012, recording 30 per cent growth over 2011. We expect this year a similar or more growth in 2013," Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade at the UAE Ministry of Economy, told Khaleej Times at Hong Kong Lifestyle Expo, which was inaugurated in Dubai on Wednesday.

"The UAE's trade policy enables the country to be a major trading hub for the region and that enables us to take advantage of Hong Kong's position as a major re-export hub in the world. Together when these hubs decide to join hands it can only culminate into more trade opportunities, helping UAE economy both locally as well as globally," he added.

He said UAE welcomes Hong Kong initiative to launch a platform in the UAE to promote its products that will benefit the companies in the UAE and Hong Kong besides providing total sourcing solutions from Asia.

"Over 60 selected companies from Hong Kong are presenting their products and are aiming to build business ties with the UAE."

On suggestions for Expo 2020, Saleh, said: "Hong Kong has experience and expertise on services sector, which accounts for 93 per cent of its GDP and we would like to benefit from them as the event will open large opportunities for both the countries."

Raymond Yip, assistant executive director, Hong Kong Trade Development Council, or HKTDC, is mission leader for the maiden Hong Kong Lifestyle Expo in Dubai.

"Lifestyle expos are one of our signature global trade events. Over the years, we've held lifestyle product shows in Central Europe, in India, Indonesia and - our latest, less than a month ago - in Istanbul, Turkey. All have been very well-received by buyers and sellers alike. Confidence has clearly returned to Dubai and, with it, a wealth of business and investment opportunities. Dubai serves as the hub of the Middle East and the Gulf in much the same way as Hong Kong is Asia's central business district," he said.

The global marketing arm for Hong Kong-based manufacturers, traders and service providers is promoting Hong Kong's leading companies to showcase their trendy, stylish and quality products in the sectors of consumer electronics, electrical appliances, garments, textiles, fashion accessories, gifts, household products, watches and clocks as well as food and beverages.

The exhibition is also promoting 'The Small-Order Zone' that features a line-up of high-quality products, from electronics and houseware to gift products, available in orders of 50 to 1,000 pieces. The Small-Order Zone has earned the UFI Marketing Award for 2013, which recognises the initiative for helping buyers and exhibitors expand their business and remain competitive amid global economic uncertainty.

 


Khaleej Times




  MENA News Headlines
 Oct 1 2014 - GCC needs to produce dynamic non-oil sectorMENAFN
(MENAFN) According to the International Monetary Fund (IMF), in order to maintain sustainable growth, the Gulf Co-operation Council (GCC) countries have to produce a dynamic non-oil tradable sector ...

 Oct 1 2014 - Kuwait to host 23rd Gulf Cup of NationsArab Times
(MENAFN - Arab Times) KUWAIT CITY Sept 30 (KUNA): Kuwait will host the 23rd edition of the Gulf Cup of Nations Kuwait Football Association (KFA) Secretary General Saho Al-Saho said Tuesday. Al-Saho ...

 Oct 1 2014 - Abu Dhabi airport's passenger traffic up 24.8 percent in AugustMENAFN
(MENAFN) Abu Dhabi International Airport's passenger traffic increased by 24.8 percent in August compared to the same month last year, with a total of 1.920.934 passengers passing through the airport ...

 Oct 1 2014 - US Mondelez International to invest USD90m in plant in BahrainMENAFN
(MENAFN), the packaged food company, announced it is planning to build a USD90 million biscuit plant in Bahrain, which will help the company reduce costs and meet growing demand for its biscuits, ...

 Oct 1 2014 - Oman interested to invest in CyprusMENAFN
(MENAFN) Oman's Minister of Oil and Gas said that the country is very interested in investing in Cyprus, particularly in the field of research and exploitation of natural gas, Muscat Daily ...

 Oct 1 2014 - Emirates to launch new Dallas flightsMENAFN
(MENAFN) Emirates announced it has launched its first scheduled A380 daily service to Dallas Fort Worth International Airport, Gulf Business reported.The airline said it expects that the business ...

 Oct 1 2014 - Dubai Development Co. considering several offers of merger or acquisitionMENAFN
(MENAFN) Dubai Development Co, the company responsible for the Mirdif area of the emirate, announced it is considering several external offers of merger or acquisition, Arabian Business reported.The ...

 Oct 1 2014 - Etihad Rail starts on second phase of USD11bn UAE rail networkMENAFN
(MENAFN) Etihad Rail, the UAE's railway developer, announced it is set to secure government funding and award contracts for the construction of the second phase of its USD11 billion national rail ...

 Oct 1 2014 - Oman Sail teams upbeat over ESS Act 7 challengeMuscat Daily
(MENAFN - Muscat Daily) As the 2014 Extreme Sailing Series (ESS) gears up for Act 7 in Nice France to be held later this week Oman Sail's teams on The Wave Muscat and Oman Air are relishing the ...

 Oct 1 2014 - Oman settles for seventh place in Asiad hockeyMuscat Daily
(MENAFN - Muscat Daily) Basim Khatar struck the winner for Oman as it rallied from a goal down to defeat Bangladesh 3-2 in a playoff and clinch the seventh place in hockey in the 17th Asian Games at ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help