Arab - China trade to reach US$100 billion

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 6, 2007 -- In a recent communiqué to Lord Edwin E. Hitti, President of The Arab Chamber of Commerce and Industry in Hong Kong, Dr. Elias Ghantous, Secretary General of The General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, expressed appreciation for Arabcham Hong Kong’s efforts when he said “ We very much appreciate your endeavors and we are always ready to render any assistance in this regard”.

The General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries (General Union) was established in 1951, with headquarters in Beirut, Lebanon. It is an Arab, regional non-governmental organization that has the privilege of representing the Arab private sector on regional and international levels.

The General Union assumes a major role in promoting cooperation among Arab Chambers and coordinates their efforts towards regional cooperation. It works towards promoting Arab economic interests abroad, particularly with respect to exports and for the rationalization of imports and investments.

On cooperation between Arabcham and the General Union, Dr. Elias Ghantous added “It is amply evident that with the great potential on both sides much can be attained to promote development and cooperation”.

Adnan Kassar, President of the General Union told Xinhua, China’s official news agency “the total volume of trade between Arab countries and China will reach US$100 billion by 2015. The current economic relations and trade between China and the Arab world has reached high levels". He adding that Arab businessmen will widen and extend their relations with China.

For more information on the General Union please visit their website at gucciaac.org.lb or for more information on The Arab Chamber of Commerce & Industry please visit their website at arabcci.org

Adnan Kassar     arab     china     Dr. Elias Ghantous     dubai     Edwin Hitti     saudi arabia     united arab emirates