UAE Ministry of Economy, Chinese Delegation Discuss Enhancing Trade and InvestmentSource: www.export-egypt.com 6/9/2014, Location: Middle East |
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Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, has received a high ranking Chinese trade delegation headed by Yang Yasong, Vice Chairman of Liaoning Province Federation of Industry and Commerce.
The discussions, held in the Ministry of Economy s offices in Dubai, focused on potential growth opportunities in trade and investment in the two countries and explored ways to improve communication between the business communities of the U.A.E. and China. Recalling the historical U.A.E.-China relations, Al Kait underscored the U.A.E. s continued interest in reinforcing its strong partnership with various Chinese provinces through increasing cooperation in areas of investment and trade. Hestressed the vital role of the private sector in the consolidation of bilateral trade. Al Kait also highlighted the rapid growth in mutual trade, underlining the strategic economic relationship that the U.A.E. shares with the People's Republic of China. The volume of trade between the two countries climbed to over US$17 billion at the end of 2012. In addition to hosting a large number of Chinese companies, the U.A.E. is also home to 356 Chinese commercial agencies with 2,483 Chinese trademarks registered with the Ministry of Economy. Al Kait said the U.A.E. s serious efforts in economic diversification have led to the opening up of investment opportunities in industry, petrochemicals, energy and services for domestic and foreign players. He called upon the Chinese private sector, especially from Liaoning Province, to strengthen its presence in commercial and industrial events and activities held in the U.A.E.. For his part, Yang Yasong praised the U.A.E. s efforts in sustainable development and said Liaoning Province Administration is keen to learn from the U.A.E. s experience in important areas. He urged enhanced communication between the U.A.E. and the administration of Liaoning Province towards bolstering cooperation between private sectors in both countries, especially in heavy industries, ICT and real estate development. Liaoning Province Federation of Industry and Commerce also invited the U.A.E. Ministry of Economy to visit the province. |
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