DMCC signs MoU with PJMA, China

15 May '08

3 min read

Mr. Tan Ying-hua, said: “Our MoU with DMCC, the leading government-backed centre for commodities trade in Dubai, will enable us to explore the extensive scope of the emerging markets in the high growth economies of the Middle East. Through our collaboration, we aim to jointly create an environment conducive to business and a solid platform for the exchange of knowledge. This will be of immense value to the diamond and gemstone traders between Panyu and Dubai and will enhance opportunities for increasing jewellery trade volumes.”

DMCC and the Government of Panyu will form a four-member steering committee to assist in discussing the wider scope of the MoU. The MoU also seeks to encourage youth exchange programmes and establish cultural delegations in the fields of art and music, with the intention of promoting friendship between the two countries.

Ahmed bin Sulayem, Executive Chairman, DMCC, said: “DMCC is very pleased to enter into this cooperative relationship with the Government of Panyu, China, which will open up new avenues for strengthening trade links between two prominent economies. Panyu has rapidly emerged as the gem and jewellery capital of China. Through DMCC's partnership with them, we are confident that we will see greater acceleration in jewellery trade between both countries.”.

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Dubai Multi Commodities Centre

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