Ms. Candy Kwan, Sales Manager of the Hong Kong
Trade Development Council (HKTDC), is on a visit to the United
Arab Emirates to highlight Hong Kong’s advantages and the
importance of HKTDC’s upcoming trade fairs. During her stay in the
UAE she is scheduled to meet several business sector entities to
discuss matters of business co-operation to maximise trade
potential between the UAE and Hong Kong.
“Hong Kong, characterised by free trade,
world-class infrastructure and free flow of information, is an
ideal trading platform,” said Ms. Kwan. “The UAE is the 21st
trading partner of Hong Kong with total bilateral trade valued at
US$4,389 million (AED16 billion) in 2008, 7% higher than in 2007.
Total exports from Hong Kong to the UAE increased by 5% to
US$2,711 million (AED1 billion) whilst import from the UAE to Hong
Kong also grew to US$1,677 million, up 12% over 2007. To harness
the potential of the UAE, we will market our fairs intensively to
encourage more trade with this market.”
The proximity of
Hong Kong to the Chinese mainland presents booming business
opportunities for Emirati companies. China has the 3rd largest
global economy, and its total external trade surged by 17.8% to
US$2,561 billion (AED9, 407 billion) in 2008. Not only is Hong
Kong a gateway to the Chinese mainland, Hong Kong’s intrinsic
geographical, economic, political and social competitiveness make
it the best trade and investment destination for UAE companies.
“HKTDC organises over 30 specialised trade fairs a year,
from building materials, electronics, and lighting to watches and
clocks, among others. To tap into the burgeoning Chinese market,
we encourage more UAE companies to take part in our fairs,” added
Providing details of a US$10.3 million (AED38
million) buyer sponsorship package for the UAE, Ms. Kwan said that
the initiative offers subsidised air ticket and hotel stay
packages for international buyers to trade fairs organised by
HKTDC to be held up to March 2010. “Over 2,100 UAE buyers visited
HKTDC fairs in 2008 and we are certain that this programme will
drive more buyers to our fairs,” she said.
staging several major international trade fairs in the first
quarter of 2010 at the Hong Kong Convention & Exhibition Centre.
These fairs are of interest to UAE companies, some of which are
the largest of their kind in Asia,” pointed out Ms. Kwan.
Running from 11 to 14 January, HKTDC Toys & Games Fair is the
largest in Asia and the second largest in the world, attracting
thousands of visitors year on year. More than 110 UAE buyers
visited the toy fair in 2008, marking an increase of 28%.
“Statistics show that toys and games are a major export from Hong
Kong to the UAE. In 2008, Hong Kong exported a total of US$74
million (AED272 million) worth of toys, games and sporting goods
to the UAE, up 2% over 2007. We thus encourage more UAE buyers to
see for themselves the quality items on display. In 2010, the toys
fair will also be held concurrently with the Hong Kong
International Stationery Fair and the inaugural HKTDC Hong Kong
Baby Products Fair, these three fairs ensure multiple sourcing
opportunities for toys, stationery, baby products and more in one
place, at one time,” said Ms. Kwan.
Hong Kong is an
important exporter of clothing and jewellery in the world and UAE
buyers are welcome to visit the trade fairs for sourcing. Asia’s
largest HKTDC Hong Kong Fashion Week for Fall/Winter (18-21
January) is the global business platform for fashion and garment
industry players, which houses various fabrics, embroidery to
ready-to-wear fashion and accessories. This fair will also be held
concurrently with HKTDC World Boutique, Hong Kong showcasing a
consortium of branded and well-designed apparel, accessories and
lifestyle products. Besides, pearls, precious and semi-precious
stones and jewellery constitute 28% of all Hong Kong’s export to
the UAE in 2008, making the HKTDC Hong Kong International
Jewellery Show (5 to 9 March) a must-attend event for Emirati
“Our fairs are the best avenue for one-stop
sourcing from parts to finished products, from traditional models
to innovative designs. Therefore, fairs in Hong Kong present
opportunities for companies in the UAE to source quality products,
get market intelligence, make alliances and business contacts for
expansion and development into new markets,” added Ms Kwan.
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