The UAE is the biggest trade partner of Hong Kong in the Middle East, as the value of the non-oil trade exchange between the two countries accounted for $8.9 billion in 2017, marking a 5.1 per cent growth over 2016, a top official said.
Juma Al Keet, assistant under-secretary for Foreign Trade Affairs at the UAE Ministry of Economy (MoE) was speaking at the recently concluded 6th edition of Hong Kong Lifestyle Expo - Dubai, organised by the Hong Kong Trade Development Council (HKTDC), reported Emirates news agency Wam.
The fair is a platform for trade exchange between Hong Kong, China and the Middle East, where exhibitors showcase a variety of products that include electronics, IT and communication, home appliances, fashion, accessories, furniture and lighting systems.
World Cup Keeps Dubai’s ‘Dolce & Karama’ Traders Busy
The Economist: UAE Ranks 34th in Combating Illicit Trade
"There are great potentials for forming more fruitful partnerships between the two countries, with a focus on SMEs, technology, tourism, renewable energy, infrastructures and finance and banking as they feature high in the development agenda of both countries," Al Keet said.
The fair comes as a continuation of the cooperation and the strategic partnership between the UAE and China, particularly under the initiatives and development projects of China's One Belt One Road Initiative that focuses on building trade and investment partnership between countries in Asia, the Middle East, Africa and Europe.
The event was attended by a large number of officials and representatives of the private sector, the Chinese Embassy in the UAE, HKTDC and the China Trade Development Corp.
Copyright 2019 Al Hilal Publishing and Marketing Group