Dubai Chambers signs trade MoU with Chinese General Chamber of Commerce

Dubai Chambers signs trade MoU with Chinese General Chamber of Commerce

Dubai Chambers has welcomed a large business delegation from the Hong Kong-based Chinese General Chamber of Commerce (CGCC). As part of the visit, the two chambers signed a Memorandum of Understanding (MoU) aimed at bolstering economic cooperation.

Dr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce, headed a 26-strong visiting delegation of senior Hong Kong businesspeople including investors, financiers, and realtors. The MoU, which was signed as part of the group’s three-day tour of the UAE, seeks to strengthen mutual ties between the parties with the goal of further enhancing business relations.

Under the terms of the agreement, the two chambers will explore opportunities to boost knowledge sharing, increase mutual support on trade and investment missions, and cooperate on participation in trade fairs, conferences, business matching events, and other networking activities.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said, “The trade visit was a great success, with the signing of an MoU heralding a new era in closer trade ties between Dubai and China. We shared with the delegation the Chamber’s vision, mission, goals, and activities, as well as some of the current challenges and opportunities facing the UAE business community.”

Commenting on trade opportunities, he added, “We have