Dubai-China trade robust

Value hits Dh47 billion in Q1; countries keen to bolster activity

Dubai - China is well-positioned as Dubai's top trading partner with bilateral trade valued at Dh47 billion in the first quarter of 2015.
This was announced by Dubai Customs director Ahmed Mahboob Musabih following a business meeting with Li Lingbing, Consul-General of the People's Republic of China in Dubai.
Hailing the exceptional UAE-China commercial relations, Musabih noted that Dubai-China trade scored a record Dh175 billion in 2014. 
The two sides explored Dubai-China bilateral trade ties and discussed mechanisms for further coordination in customs operations to see more growth and prosperity in their mutual trade. 
Li paid tribute to Dubai Customs for pushing the reel of bilateral trade and offering top customs services and facilitations for Chinese traders and investors.
She also stressed the importance of enhancing economic cooperation and coordination for stronger economic relations between China and the UAE.
Musabih said Dubai takes on a vibrant role to keep the Chinese commodities flowing to the world.
"Dubai has become a major platform for networking the Chinese market with European and African markets," he added. 
Dubai Customs spares no effort to develop economic and trade ties with China as directed by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to boost trade with Asia and underpin Dubai's regional and global foothold on the trade landscape, he said.
"Dubai Customs' strive to boost trade with China calls for closer economic ties and supports the flow of Chinese investments to Dubai, coupled with the growing number of Chinese companies that make Dubai their regional office for managing their business throughout Europe and Africa," Musabih added.
Dubai Customs is committed to bolstering Dubai's economic growth by supporting foreign trade and investment from all parts of the world, including China, he said.
"We are very keen to assist Chinese traders and investors who are willing to expand their market potential here, making best use of Dubai's position as a fast-growing global trade hub."
- ahmedshaaban@khaleejtimes.com