China, UAE to Jointly Host Trade Fair

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Last updated at: (Beijing Time) Friday, July 26, 2002

China, UAE to Jointly Host Trade Fair

China and the United Arab Emirates(UAE) will jointly host a major trade fair in Sharjah, the UAE, inDecember in a bid to promote trade and economic cooperation between China and the Middle East.

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China and the United Arab Emirates(UAE) will jointly host a major trade fair in Sharjah, the UAE, inDecember in a bid to promote trade and economic cooperation between China and the Middle East.

The Sharjah China Commodities Trade Fair, slated for December 10-14, will have on show a range of Chinese commodities including machinery, hi-tech, petrochemical and engineering products as wellas light industrial goods, furniture and construction and interiordecorating materials.

There will also be booths featuring two-way investment between China and the countries of the Middle East, an official with the Ministry of Foreign Trade and Economic Cooperation said (MOFTEC) Friday.

The Middle East is a huge potential market China aims to put great efforts into tapping. The UAE is an important place of transit where about 70 percent of imports are re-exported to othercountries in the Middle East, north Africa and part of Europe.

Such a major trade fair in Sharjah will help China export more commodities to the Middle East and expand economic cooperation between China and the countries there, a MOFTEC official said.

Over the past two years, the China Machinery and Electronic Products Exhibition Center (Chinamex), a joint venture establishedin 2000 by China and UAE in Sharjah, has held a dozen fairs in Sharjah. They attracted about 30,000 businessmen from more than 30countries and resulted in some two billion US dollars worth of contracts and letters of intent.

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