🌟 Planning big moves! The Chinese mainland and the UAE are gearing up to take their trade relationship to the next level, aiming for over $100 billion in non-oil trade this year, up from $90 billion in 2024. 🤝💼
During a whirlwind trip across the Middle East, Chinese Foreign Minister Wang Yi emphasized that the Chinese mainland's 15th Five-Year Plan will be synced with development strategies of regional partners like the UAE. This alignment sets the stage for deeper collaboration in areas like tech, energy and, of course, trade. 🌐⚡️
On the UAE side, Foreign Trade Minister Thani bin Ahmed Al Zeyoudi highlighted the ‘growing strategic partnership’ under both leaderships. With bilateral non-oil trade already booming, both sides see logistics as a cornerstone for future growth. 🚢✈️
Major UAE ports and free trade zones have teamed up with their counterparts in the Chinese mainland, creating new shipping routes and customs-friendly zones. And with the Hainan Free Trade Port rolling out island-wide special customs operations, more UAE companies are setting up shop, while Chinese mainland businesses view the UAE as a springboard to markets in the Middle East, Africa and beyond. 🌍🚚
Looking ahead, the second China-Arab States Summit is slated for 2026 in the Chinese mainland, promising fresh opportunities for joint ventures and investment deals. Whether you’re a young investor eyeing new markets or a student tracking global trends, this is one partnership to watch! 👀📈
Reference(s):
China, UAE to intensify trade and economic relations in the future
cgtn.com
