UAE-China trade to surge on the back of strong ties between the two nations – The National
UAE-China trade to surge on the back of strong ties between the two nations – The National
China remains Dubai's largest trading partner with total trade volume exceeding Dh107bn, officials say
UAE landmarks were lit up for in solidarity with China's efforts to contain coronavirus, Covid-19 in March. Bilateral trade between the two countries is set to accelerate, according to officials. Wam
July 18, 2020
July 18, 2020
Bilateral trade between China and the UAE will continue to surge in the coming years on the back of strong relations between the two countries, despite a temporary roadblock caused by the effects of the Covid-19 pandemic, according to top officials.
The UAE is China's most important trade partner in the Arab world and responsible for 28 per cent of total non-oil trade between China and the region. The Arab world's second largest economy is also home to thousands of Chinese companies, including those based in free zones.
"In 2019, Dubai's free zones saw their total trade volumes grow by 11 per cent year-on-year. Free zone trade topped Dh596 billion, making up 43 per cent of Dubai's total trade during the period, with China remaining Dubai's largest trading partner with