Just in:
Nigeria’s Coastal Highway Passes $747 m Funding Milestone // CGTN: Beauty in diversity: How wisdom at Nishan Forum inspires global modernization // Behomes Launches Behomes Hub – Cashback & Networking App for Real Estate Professionals // DNA‑Crafted Nanomachines Self‑Assemble in Water // UAE Championing Balanced Oil Markets Through OPEC+ Engagement // Entrepreneurs Turn to Harsh AI ‘Red Teamers’ to Stress‑Test Ideas // Uweb, the Digital Asset Education Institute, Announces Successful Completion of a US$3 million Angel Funding Round // MENA Investment Banking Fees Slip Amid Equity Underwriting Lull // OPEC+ Champions Insist Surge in Output Meets Market Demand // Moroccan‐Born Duo Secures $4.2 Million to Sharpen AI Search Precision // Baku ID 2025 Concludes: Baku Becomes the Regional Hub for Innovation // IIT Delhi and TeamLease EdTech Kick‑start AI for Healthcare Executive Programme // Qingzhen’s Zhanjie Town Leverages Ecological Resources to Drive Industrial Upgrading and Integrate Culture and Tourism for Rural Revitalization // BRICS Pledge Cooperation, Not Confrontation With U.S. // Caltex Commemorates SG60 with Launch of Limited Edition National Day Picnic Sets // Aramco Eyes New U.S. LNG Offtake in Cameron Deal // TÜV SÜD Appoints Interim Leadership Following CEO Transition // Golden Bull Award 2025 Winners Revealed // Celebratory 911 Club Coupe Marks Half-Century Porsche Partnership // Can India Emerge As The Trusted Leader Of Global South Like Earlier Years? //

UAE-China expo to boost trade

Burj-Khalifa-750

A general view shows the area outside the Burj Khalifa in Dubai. Picture used for illustrative purposes File/Reuters

Business Bureau, Gulf Today

ADVERTISEMENT

The Ministry of Economy of the United Arab Emirates and the China Council for the Promotion of International Trade (CCPIT), will together host the first China-UAE Economic and Trade Digital Expo, a platform designed to reinvigorate trade activities between the two countries as they seek to lay the foundations for bilateral trade in the new digital economy.

Organised by Hala China, an initiative by Dubai Holding, and the China International Exhibition Centre Group Corporation (CIEC), the week-long event, July 15 to July 21, will see leading businesses from the UAE and China interact online to explore new enterprise and economic cooperation opportunities through a range of panel discussions with industry leaders.

The seamless migration of the economic and trade interaction between the two countries to a digital platform reflects the focus of the recently-announced UAE cabinet restructuring – agile digital-first governance in a post-pandemic world.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, said: “Bilateral trade between the UAE and China, like many, have met with a speedbump in 2020. Yet, the deep bonds, adaptability and ambitions to innovate that our two nations share will see us laying the foundations for mutual growth in the new digital economy we are transitioning towards.

“The inauguration of this digital trade expo is a case in point. The event is sure to spark a wave of new possibilities for trade and cultural exchanges between China and the UAE as we enter the reset and recovery phase of the global economic cycle.” Prior to the disruption caused by the coronavirus (COVID-19) pandemic, bilateral trade between China and the UAE had looked set to grow quickly, according to the UAE’s Ministry of Economy figures. Official figures showed that bilateral trade exceeded $50 billion in 2019 – a 16 per cent increase from 2018. Non-oil exports from the UAE to China grew by 64 per cent in the same period driven by the UAE’s aggressive economic diversification.

via www.gulftoday.ae


Notice an issue?

Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.


ADVERTISEMENT