HKTDC, Aramex in deal to launch joint promotion
DUBAI, February 22, 2016
The Hong Kong Trade Development Council (HKTDC) has signed a deal with Aramex, a leading provider of comprehensive logistics and transportation solutions, to launch a joint promotion for the hktdc.com Small Orders online transaction platform.
Under this memorandum of understanding (MoU), suppliers on hktdc.com Small Orders will enjoy lower shipping costs when delivering via Aramex’s worldwide network, which is particularly strong in the Middle East and North Africa (Mena) region, said a statement.
This also presents more attractive and competitive offers for buyers from the Mena region seeking to source quality products on hktdc.com Small Orders, it said.
The MoU was signed in Dubai by Benjamin Chau, HKTDC deputy executive director and Hussein Hachem, Aramex chief executive officer.
“The partnership will further facilitate small-volume online transactions, which are becoming an increasingly prevalent sourcing model, especially for small and medium-sized enterprises (SMEs)," said Chau.
"With Aramex’s specialty in the Middle East and North Africa (Mena) region, we are opening the door to a market of huge economic potential and trade opportunities for our buyers and suppliers,” he said.
In a survey conducted by the HKTDC in October last year, more than 80 per cent of buyers commended the business model of sourcing in small quantities. This model enables more flexible sourcing so that companies can respond more quickly to the latest market situation.
The “small order” model is also beneficial to suppliers who want to test the market and maintain a low inventory through small volume orders. The hktdc.com Small Orders online transaction platform welcomes participation from suppliers from the Mena region looking to sell to Asia and to the world, said the statement.
To trade directly with buyers online using hktdc.com Small Orders, a supplier needs only become a verified supplier with hktdc.com and set up a commercial account with PayPal to receive online payments. Qualified transactions will be covered by PayPal’s Seller Protection Programme, it added. - TradeArabia News Service
