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Dubai, China discuss trade ties

Dubai, March 10, 2009

Dubai Multi Commodities Centre (DMCC) recently hosted a high-profile Chinese delegation and discussed the scope of bilateral trade, particularly in diamond, jewellery, pearls and coloured stones.

The 10-member government and trade delegation from Shenzhen, was led by Ni Zewang, member of the standing committee of the CPC Committee of Luohu District, and executive vice-governor of the People’s Government of Luohu District and Ms Gao Lin, vice-chairman of the Luohu District committee of Chinese People's Political Consultative Conference.

“Both Dubai and Shenzhen have risen over the decades from once small fishing villages to global economic centres. In that sense, the two cities share a common history,” said Ahmed Bin Sulayem, executive chairman, DMCC.

"We are pleased to engage in this dialogue with the Government of Shenzhen and explore new business and trade opportunities that will further strengthen Dubai’s trade relations with China," he remarked.

"We are confident that this collaboration will facilitate an even more conducive business environment for both sides and prove beneficial for commodities traders in both Dubai and Shenzhen," he added.

Last year, Sheikh Mohammed Bin Rashid Al Maktoum, UAE vice-president and prime minister of the UAE and ruler of Dubai, visited China to strengthen bilateral ties.

In line with that visit, DMCC signed a MoU with the People's Government of Panyu District, China, for increased co-operation towards mutual growth and the promotion of jewellery trade between both countries, with a special focus on diamonds and coloured stones.

In November 2008, DMCC hosted the first Middle East-China Diamond & Jewellery (MECDJ) Summit, with an aim to bring together two of the fastest growing regions in the world, the Middle East and China.

Focussing on further growing business opportunities between the two regions, the summit saw the participation of over 850 global traders and jewellery retailers.

Alongside the annual gathering of the World Federation of Diamond Bourses, held in May 2008 in Shanghai, DMCC and the Gems & Jewellery trade association of China (GAC) also signed a MoU for increased cooperation towards the promotion of diamond and jewellery trade between both countries.-TradeArabia News Service




Tags: China | Dubai Multi Commodities Centre | diamond | Ties |

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