DMCC signs MoU with PJMA, China

15 May '08

3 min read

Dubai Multi Commodities Centre(DMCC) signed a Memorandum of Understanding (MoU) with the People's Government of Panyu District, China, for increased cooperation towards mutual growth and the promotion of jewellery trade between both countries, with a special focus on diamonds and coloured stones.

The MoU is in line with the recent visit of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to China to strengthen ties between the UAE and China.

Under the terms of the MoU, both parties will mutually promote jewellery trade, with the intention of collectively developing a strong presence in international markets and establishing a global influence.This will be accomplished through the exchange of market expertise in jewellery design, training, business opportunities and educational initiatives, in addition to facilitating the reciprocal operation of visiting jewellery trade delegations.

Led by Mr. Tan Ying-hua, Party Secretary of the Panyu People's Government, the 11-member delegation from the Government of Panyu visited the DMCC offices, ahead of the signing of the MoU. The delegation comprising senior officials from the Panyu People's Government include the Vice President of the Panyu Jewellery Manufacturers Association and the Jewellery and Diamond advisor to the Panyu Government. Ahmed bin Sulayem, Executive Chairman, DMCC, presented each member of the delegation with a Chinese version of His Highness Sheikh Mohammed's book: “Royati – My Vision”

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