UAE-China trade surges 14pc
Sharjah, December 11, 2013
Bilateral trade between the UAE and China hit $21.4 billion during the first half of the year, up nearly 14 per cent compared to the same period in 2012, according to a study.
China’s exports to the UAE stood at $15.4 billion, while its imports from the UAE touched $5.9 billion, stated the study released ahead of the 12th Chinese Commodities Fair Sharjah (CCFS), which will be held from December 16 to 18 at the Expo Centre Sharjah.
GCC countries accounted for up to 70 per cent of China’s trade with Arab countries, said the event organisers.
Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, noted that the Chinese fair has been 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," he remarked.
"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 CCFS being a conduit for enhancing bilateral trade," stated Al Midfa.
Patrick Zheng Shuo, general manager of the China Machinery and Electronics Products Exhibition Center (Chinamex), said: “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.”
“It will also feature Chinese traditional folk arts, Chinese kite making, etc. to be presented by the Traditional Folk Art Institution from Mountain Tai of Shandong Province apart from the display and sale of paintings by famous Chinese artists,” added Shuo. - TradeArabia News Service