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Middle East Next Hot Export Market for China Manufacturers -- Global Sources Survey

Global Sources
2007-06-04 13:31 1356

DUBAI, United Arab Emirates, June 4 /Xinhua-PRNewswire/ -- Global Sources' (Nasdaq: GSOL) China Supplier Survey: Middle East Export Opportunities shows 63 percent of respondents consider the Middle East the next "hot" export market for China-made products.

(Logo: http://www.prnasia.com/sa/200701111135-min.jpg )

The Middle East Export Opportunities survey was conducted in May among Global Sources' China Sourcing Fair ( http://www.chinasourcingfair.com ) exhibitors from mainland China, Hong Kong and Taiwan. All respondents have substantial export experience, with the Middle East an important -- and growing -- target market. Of respondents:

-- 58 percent currently export to the Middle East

-- 13 percent have exported to the Middle East for 20 years or more

-- 78 percent have up to 19 years' experience exporting to the region

Of those suppliers not yet exporting to the Middle East, more than 20 percent are preparing to do so:

-- 14 percent plan to start to export to the Middle East within 12 months

-- 7 percent plan to begin exporting to the region within 24 months

Strong Market Potential in Middle East for Quality China Products

Survey findings suggest strong manufacturer support for China government targets to double Middle East trade -- set to reach US$100 billion in 2010, up from US$51.3 billion in 2005.

"The results of our China Supplier Survey clearly show the Middle East is an increasingly important market for the success of China's exporters," said Global Sources, chairman and CEO, Merle A. Hinrichs. "Likewise, buyers in the Middle East need to meet growing consumer demand for quality products -- and are turning more and more to quality China suppliers to meet this demand.

"Most of these manufacturers have been exporting to quality-conscious markets around the world for years. For example, 83 percent currently export to North America, 89 percent to Western Europe, and 44 percent to Japan. These are the markets that have the toughest quality requirements and regulations.

"The success of these China suppliers' products in these demanding, diverse markets is a testament to their commitment to quality - and suitability for the Middle East market."

Global Sources to Present Full Survey Results at Press Conference at China Sourcing Fair: Gifts & Home Products in Dubai

Results of the China Supplier Survey: Middle East Export Opportunities are to be presented at the opening day press conference scheduled for 10:30 a.m. June 11, 2007 at the China Sourcing Fair: Gifts & Home Products. The Fair runs through June 13 at the Dubai International Convention & Exhibition Centre.

The Fair is scheduled to feature over 500 booths from Greater China, making it the largest exhibition of China suppliers ever to come to Dubai. Many surveyed suppliers are set to exhibit at the sold-out event. Major exhibited product categories include:

Gifts & Home Products

-- Candles & holders

-- Key chains

-- Pen & pencil holders & sets

-- Digital clocks & calculators

-- Decorative wall hangings

-- Bedroom & closet storage

-- Handicrafts

-- Gift tins

-- Cookware sets

-- Bed covers & linens & blankets

Consumer Electronics

-- MP3 players

-- Portable CD/VCD/DVD players

-- Car DVD players

-- Speakers

-- GPS products

-- Combination TVs

-- LCD TVs

-- In-car TVs

-- AC/DC adapters

-- Laptop bags

Fashion Accessories

-- Costume jewelry & earrings

-- Fashion bracelets

-- Men's & women's sports shoes

-- Bra & panty sets

-- Robes & sleepwear

-- Perfumes & oils

-- Tote & beach bags

Baby & Children's Products

-- Inflatable toys

-- Radio-controlled toys

-- Play tents & houses

-- Doll houses & furniture

-- Balloons

-- Inflatable play structures

-- Kid's table & chair sets

-- Models

Exclusive Conference on How to Source From China at the China Sourcing Fair Dubai

The three-day event features an exclusive, multi-session conference program focused on "How to Source from China". The conference sessions, presented by leaders in trade with China, covers topics such as working with China suppliers, quality control, payment processing, and shipping & logistics.

"This is the first time ever that a specialized conference program on how to source from China has been presented in Dubai," said Bill Janeri, Global Sources' General Manager for the Middle East.

More information about the China Sourcing Fair: Gifts & Home Products in Dubai is available at http://www.chinasourcingfair.com/dubai .

China Sourcing Fair Complements Global Sources' Total Sourcing Service

The China Sourcing Fairs are part of Global Sources' sourcing and product information services, which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), Global Sources Direct ( http://www.globalsourcesdirect.com ) and the China Sourcing Reports ( http://www.chinasourcingreports.com ). For more information, visit http://www.corporate.globalsources.com .

About Global Sources

Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 600,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.

Suppliers receive more than 13 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Global Sources Press Contact in Asia:

Camellia So

Tel: +852-2555-5021

Email: cso@globalsources.com

Global Sources Investor Contact in Asia:

Eddie Heng

Tel: +65-6547-2850

Email: eheng@globalsources.com

Global Sources Press Contact in U.S.:

James W.W. Strachan

Tel: +1-602-978-7504

Email: strachan@globalsources.com

Global Sources Investor Contact in U.S.:

Moriah Shilton & Cathy Mattison

Lippert/Heilshorn & Associates, Inc.

Tel: +1-415-433-3777

Email: cmattison@lhai.com

Source: Global Sources
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