Dubai recently hosted a significant China-UAE Trade and Investment Forum, which also served as a promotional event for the third China International Supply Chain Expo. The forum brought together over 120 business representatives, fostering numerous trade and investment agreements and highlighting deepening economic ties between China and the UAE.
Forging Stronger Economic Bonds: China and UAE Deepen Collaboration
The China-UAE Trade and Investment Forum, held in Dubai, underscored the robust and expanding economic partnership between China and the United Arab Emirates. This pivotal event, which also promoted the upcoming third China International Supply Chain Expo, attracted more than 120 business leaders and resulted in the signing of multiple trade and investment agreements.
Key Takeaways
- The forum emphasized the commitment to enhancing bilateral economic and trade cooperation under the Belt and Road Initiative.
- China remains the UAE’s largest trading partner, with economic ties driving significant investment and industrial development.
- The China International Supply Chain Expo is gaining recognition as a crucial international public good, setting new standards for global supply chain cooperation.
Strategic Areas for Future Collaboration
Ren Hongbin, Chairman of the China Council for the Promotion of International Trade, outlined several key sectors ripe for enhanced collaboration:
- Trade
- Energy
- Infrastructure
- New Energy
- Digital Economy
He stressed the importance of strengthening industrial and supply chain connections and expanding multilateral business partnerships to further solidify the economic relationship.
UAE’s Perspective on Bilateral Growth
Maria Kassem, Assistant Undersecretary at the UAE Ministry of Economy, reiterated China’s position as the UAE’s primary trading partner. She highlighted how the deepening economic relationship is a catalyst for investment and industrial growth within the UAE, expressing strong confidence in the continued expansion of bilateral cooperation and the overall strengthening of China-UAE relations.
The Growing Influence of the China International Supply Chain Expo
The event also served as a platform for the China International Exhibition Group to promote the third edition of the China International Supply Chain Expo. Ou Boqian, Chinese Consul General to Dubai, noted the expo’s increasing recognition as a vital international public good. He emphasized its role in establishing new benchmarks for global supply chain cooperation and trade development, reflecting its growing significance on the international stage.
Sources
- China, UAE hold trade promotion event in Dubai, China Daily.