UAE Guest of Honor’ at China’s Ningxia Int’l Investment and Trade Fair 2012 (ADD1)
_: Al Zaabi said that “the UAE country delegation includes some of the most prominent figures from the UAE’s public and private sectors. They are all taking part to ensure that the country’s vision and mission, and its available investment opportunities are adequately communicated in both events. As Guest of Honor’ for this year, we have an opportunity to emphasize available and potential joint growth opportunities, especially with the booming areas in China’s western provinces, Ningxia included”.
“We are committed to developing our commercial and economic cooperation with China, which is currently our second largest trade partner, and we see this fair and forum as ideal venues to achieve this end”, he added.
The UAE hopes to establish joint strategic partnerships with the Ningxia province in a number of fields within the framework of its economic diversification away from oil strategy. The UAE delegation will explore the various strategic partnership opportunities that will be presented at both events in sectors such as tourism, Halal foodstuff, alternative energy and others.
Trade exchange between the UAE and China exceeded USD 145 billion in 2012. Bilateral trade between the two countries grew by 35 percent over the past 10 years, exceeding USD 35 billion from May 2011 to May 2012.
Over the past few years, cooperation between the Arab world and China has been capable of expanding to include other non-oil industries such as consumer goods, textile products, fertilizers, aluminum products, marble, tourism and hospitality. Moreover, Arab countries are increasing their Halal food industry trade with China in order to satisfy the demands of the local Muslim population there.
The Autonomous Ningxia region is the homeland of the Hui Muslim population. It is one of the largest five agricultural provinces in China. The province achieved a considerable 12 percent annual growth in GDP over the past few years and is thus regarded as a primary Chinese market for Arab countries.
Both events are being organized by the Ministry of Commerce of the People’s Republic of China, The China Council for the Promotion of International Trade (CCPIT), and the Government of the Ningxia Hui Autonomous Region.
30 events are scheduled during the fair. These include a fair for Halal and Islamic food products, a fair for energy and chemical products and a fair for economic, commercial and cultural exchange’ and local commodities.
Last year’s edition of the fair registered 300,000 visitors and saw the participation of over 3000 thousand companies from around the world, including 153 global ones.