/24-7PressRelease/ - HONG KONG, March 26, 2008 - The General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, Secretary General Dr. Elias Ghantous expresses " We very much appreciate your endeavors and we are always ready to render any assistance in this regard" to Lord Edwin E. Hitti, President of The Arab Chamber of Commerce and Industry, in Hong Kong.
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 the 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.
Dr. Elias Ghantous adds "It is amply evident that with the great potential on both sides much can be attained to promote development and cooperation".
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," said president of the Council of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries Mr. Adnan Kassar to Xinhua, adding that the Arab businessmen will widen and extend their relations with China.
The Arab Chamber of Commerce & Industry (ARABCCI) was established in Hong Kong 2006 as a leading organization at promoting commercial ties between Hong Kong/Greater China and the Arab World.
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