DMCC bolsters Dubai-China trade ties through diamonds

DMCC bolsters Dubai-China trade ties through diamonds

Admin 19 hours ago Local News, Uncategorized

Dubai / WAM

DMCC “” the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, announced the signing of a Memorandum of Understanding (MoU) with the Guangzhou Diamond Exchange (GZDE) establishing a strategic partnership with one of China's leading international diamond trading platforms and communities. The agreement strengthens bilateral ties between the UAE and China, and creates new trading opportunities across the diamond industry. The two parties will gain access to new markets as a result of the collaboration, and both parties have committed to cooperate in promoting responsible business practices among their respective members. "Since its inception in 2002, DMCC has helped transform Dubai into one of the world's leading diamond trading hubs. With much more to achieve, DMCC will always seek opportunities to collaborate with others and write the next chapter of Dubai's remarkable diamond story. This is just one of the many reasons why we are delighted to sign the agreement with the Guangzhou Diamond Exchange, and we look forward to the potential this brings,“ said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC and Chairman, Dubai Diamond Exchange. He added, "This agreement will further