UAE-Hong Kong trade to grow over 30% in 2012

HKTDC Regional Chief was received by Ibrahim Mohamed Al Janahi, Deputy CEO, Jafza, at the Free Zone.

Al Janahi, welcoming the Trade Development Council Chief also emphasized on the closer cooperation between the two sides.

He briefed visiting dignitary about Jafza facilities and the Free Zone's strategic status as the Middle East region's trade and logistics hub.

Perry Fung commenting on his visit said, "HKTDC is the international marketing arm for Hong Kong based traders, manufacturers and service providers. Jafza on the other hand is the gateway and trade and logistics hub for the Middle East, West Asia and African markets. A stronger trade ties between the two is very important. I am looking forward to that and seek Jafza's valued support."

Ibrahim Al Janahi, said, "Hong Kong is one of our most important trade partners. Since Jafza and Hong Kong both are gateway to two most dynamic regions, there is a huge possibility for stronger commercial relations between the two sides. HKTDC's desire to further strengthen the bilateral relations echo's our outlook in this respect. We must explore possibilities for further strengthening our commercial ties."

The Hong Kong - UAE trade has seen a remarkable growth in the last four years growing from Dhs15.8bn in 2009 to Dhs25.2bn in 2011. In 2012 Hong Kong - UAE trade has reached Dhs27.3bn in the first 10 months. At this rate Hong Kong - UAE trade this year will cross Dhs34bn, an increase of more than 30% from 2011.

"Looking at the growth prospects in the Middle East we see huge possibilities for Hong Kong in the region and Hong Kong-Jafza cooperation," Fung added.

Hong Kong's major exports to the UAE includes watches, jewelry, computers, machinery, toys, garments and accessories while its imports include perfumes, beauty products, boats, auto parts and fish.