MoU, Exhibition & Networking to Foster Closer Business
Links
HONG KONG, Nov 7, 2016 - (ACN Newswire) - The
fourth HKTDC Lifestyle Expo in Dubai opened yesterday (6 November)
and continues through today at the Hyatt Regency Dubai. Jointly
organised by the Hong Kong Trade Development Council (HKTDC) and
the Department of Commerce of Guangdong Province, the Lifestyle
Expo features a wide range of stylish products from more than 100
Hong Kong and mainland Chinese companies.
A highlight of the expo was yesterday's (6 November) networking
luncheon organised by the HKTDC and Hong Kong Special
Administrative Region (HKSAR) Government and supported by the
Ministry of Economy, United Arab Emirates. The luncheon was
attended by The Hon John Tsang, Financial Secretary of the HKSAR
and His Excellency Abdullah Ahmed Al Saleh, Undersecretary of the
Ministry Sultan Al Mansouri, and more than 300 business
leaders.
Belt and Road opportunities
Speaking at the networking luncheon, Mr Tsang said the grand and
visionary Belt and Road Initiative will become "a driving force of
our global economy in this 21st century. Dubai is the business hub
of the Gulf Region and the gateway to the fast-rising,
resource-rich Middle East." He added that Hong Kong is the ideal
gateway to the Chinese mainland and Southeast Asia. "Both the UAE
and Hong Kong have what it takes to be a key business and logistics
hub for the Belt and Road region. There is huge and clear synergy
in expanding business collaboration between Hong Kong and the UAE,
to achieve more under the Belt and Road Initiative."
In her remarks, Margaret Fong, Executive Director, HKTDC,
highlighted the importance of the Belt and Road Initiative and the
immense opportunities presented for Hong Kong and Dubai. "Hong Kong
and the HKTDC's engagement with the Middle East are set to deepen
further as a new 21st Century model for globalisation emerges - a
model that takes its cue from the ancient Silk Road and is driven
by the new Belt and Road Initiative."
The China-led Belt and Road Initiative, covers more than 60
countries spanning Asia, the Middle East, Africa and Europe. It
represents a huge market of about 4.4 billion potential consumers
and accounts for over 35 per cent of global merchandise trade.
Ms Fong added that turning this grand vision into real business
deals and economic growth will require a high degree of
collaboration. "Hong Kong stands as a pivotal node along the Belt
and Road - a city that serves as an entry point to the Chinese
mainland and a business and financial centre in Asia, while the UAE
is regarded as one of the best positioned countries for
implementing the Belt and Road Initiative with its prime location
and sophisticated economy."
High-level delegation to explore opportunities in Dubai
Concurrently, Mr Tsang is leading a high-level delegation to visit
Dubai (6-7 November). Business leaders from finance, information
and communications technology, infrastructure development and real
estate services and logistics sectors form the 30-plus
delegation.
Among them are Chairman of Financial Services Development Council
Laura Cha, President of Hong Kong University of Science and
Technology Professor Tony Chan, Chairman & Chief Executive
Officer of China Mobile International Limited Dr Li Feng, Executive
Director of Gammon Construction Limited Kevin O'Brien, Chairman of
Crown Worldwide Holdings Limited James Thompson, the Deputy
Chairman of Federation of Hong Kong Industries Jimmy Kwok and the
Vice Chairman of the Hong Kong Exporters' Association Benson
Pau.
MoU strengthens business ties between Hong Kong and UAE
Mr Tsang called on the Minister of Economy, UAE, HE Sultan Bin
Saeed Al Mansouri this morning (7 November). Both sides agreed to
boost bilateral trade and enhance cooperation to seize the new
opportunities under the Belt and Road Initiative in various areas,
including finance, logistics and maritime transport, professional
services, cross-border investment, infrastructure development and
international trade.
In their presence, a memorandum of understanding (MoU) between the
Ministry of Economy, UAE, and the HKTDC was signed to promote
trade, investment, entrepreneurship, and small and medium-sized
enterprise cooperation between Hong Kong and the UAE. Under the
MoU, Hong Kong and the UAE will foster closer cooperation on the
Belt and Road Initiative and encourage UAE companies to participate
in related activities.
Big on small orders
The Lifestyle Expo features two main zones: the Style zone and the
Home and Living zone, showcasing quality products ranging from
consumer electronics and ICT products, gifts & premium,
household products & electrical appliances to fashion and
fashion accessories, and watches & clocks.
In addition, the hktdc.com Small Orders showcase at the expo allows
buyers to place small quantity orders of between five and 1,000
pieces. This enables companies, especially small- and medium-sized
enterprises, to test the market for new products with minimal
risk.
Over 1,000 importers, distributors, mass retailers, mail-order
houses, department stores and specialised stores from the UAE,
Iran, Africa and other neighbouring countries and regions are
taking part in the two-day Lifestyle Expo in Dubai.
Several e-tailers and importers from the region are taking part at
the "reverse exhibition" to meet with Hong Kong and mainland
suppliers to explore future cooperation.
Hong Kong-UAE trade links
The UAE is Hong Kong's largest trading partner in the Middle East.
The value of total bilateral trade in 2015 was over US$10 billion.
In the first nine months in 2016, Hong Kong's exports to the UAE
were valued at US$6 billion, representing a 16 per cent
year-on-year increase.
To view press releases in Chinese, please visit
http://mediaroom.hktdc.com/tc
Photo Download: http://bit.ly/2eE5zCR
About HKTDC
The Hong Kong Trade Development Council (HKTDC) celebrates its 50th
anniversary this year. The HKTDC is the international marketing arm
for Hong Kong-based traders, manufacturers and services providers.
With more than 40 offices globally, including 13 on the Chinese
mainland, the HKTDC promotes Hong Kong as a platform for doing
business with China and throughout Asia. The HKTDC also organises
international exhibitions, conferences and business missions to
provide companies, particularly SMEs, with business opportunities
on the mainland and in overseas markets, while providing
information via trade publications, research reports and digital
channels including the media room. For more information, please
visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc,
LinkedIn.
Google+: https://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn:
http://www.linkedin.com/company/hong-kong-trade-development-council
Source: HKTDC
Contact:
HKTDC
Communication and Public Affairs Department
(Dubai) Sarah Al Jundi
Tel: +971 4 3298975
Email: sarah.al.jundi@hktdc.org
(Hong Kong) Joe Kainz
Tel: +852 2584 4216
Email: joe.kainz@hktdc.org
Copyright 2016 ACN Newswire . All rights reserved.
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