China Has Been The Uae's Largest Trade Partner Since 2014 In Non-Oil Trade.

Date: 03/06/2024


China Has Been The Uae's Largest Trade Partner Since 2014 In Non-Oil Trade.

H.E. Abdullah bin Mohammed Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry (ACCI) confirmed that the visit of H.H. Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, "May Allah protect him,” to the People's Republic of China, consolidates the beginning of a new phase in the UAE-China relations. This visit witnessed the signing and exchange of several agreements, memorandum of understanding (MoU), and cooperation in various fields between China and UAE, reflecting the depth of the comprehensive strategic relations and the diversity of opportunities available to the two countries. He said that the economic aspect witness’s continuous development and growth between the two countries, as China has been the UAE's largest trading partner since 2014 in non-oil trade, which reached AED 296 billion in 2023. The increasing volume of mutual investments between the two countries also directly contributes to enhancing integration and partnership in various fields.