HONG KONG, Dec 9 (Reuters) - Consumer goods exporter Li & Fung (0494.HK) and Hudson's Bay Trading Company announced a global sourcing partnership for the North American retailer's four main retail banners.

Li & Fung Ltd

The new buying agency arrangement with Hong Kong-listed Li & Fung will go into effect in 2010, the firms said in a joint statement. It gave no financial details of the deal.

The American retailer's Canadian retail entity, Hudson's Bay Co [HUBAY.UL], operates the Bay, a major department store; Zellers, a mass merchandise format; Home Outfitters, a kitchen, bed and bath specialty store, and value-priced Fields stores. In the United States, Hudson's Bay Trading includes Lord & Taylor, an upscale specialty retailer with 46 stores in nine states. Shares of Li & Fung rose 1.04 percent to HK$34.05 in early Wednesday (9 December) morning, bucking a 0.37 percent drop in the broader market .HSI. ($1=HK$7.75) (Reporting by Donny Kwok; Editing by Lincoln Feast)