DUBAI, July 11 (Xinhua) — Dubai Multi Commodities Centre (DMCC), the
biggest free trade zone in the United Arab Emirates (UAE), has signed a
Memorandum of Understanding (MoU) with China Council For the Promotion
Of International Trade (CCPIT), DMCC said on Wednesday.
biggest free trade zone in the United Arab Emirates (UAE), has signed a
Memorandum of Understanding (MoU) with China Council For the Promotion
Of International Trade (CCPIT), DMCC said on Wednesday.
The agreement with CCPIT, China’s national foreign trade and
investment promotion agency, was reached during DMCC’s latest Made for
Trade Live roadshow in the Chinese central city of Wuhan, the capital of
Hubei Province.
investment promotion agency, was reached during DMCC’s latest Made for
Trade Live roadshow in the Chinese central city of Wuhan, the capital of
Hubei Province.
The roadshow is scheduled to also go to other Chinese big cities
including Beijing, the capital of China, and Shanghai, China’s most
populous city.
including Beijing, the capital of China, and Shanghai, China’s most
populous city.
The MoU “highlights Dubai’s position as a global gateway and the
ideal partner for leading Chinese enterprises to access some of the
fastest-growing markets in Central, South and Southeast Asia, Europe,
the Middle East, Africa and beyond,” DMCC said in an e-mailed statement.
ideal partner for leading Chinese enterprises to access some of the
fastest-growing markets in Central, South and Southeast Asia, Europe,
the Middle East, Africa and beyond,” DMCC said in an e-mailed statement.
More than 15,000 companies from a wide range of industries and
sectors, including energy, financial services, agricultural products,
diamonds, gold and base metals, have set up branches through DMCC.
sectors, including energy, financial services, agricultural products,
diamonds, gold and base metals, have set up branches through DMCC.
“Signing this agreement represents a significant step forward in
DMCC’s relationship with the Wuhan business community, and will only
serve to strengthen the strong and longstanding economic ties between
Dubai and China,” said Ahmed Bin Sulayem, executive chairman of DMCC.
DMCC’s relationship with the Wuhan business community, and will only
serve to strengthen the strong and longstanding economic ties between
Dubai and China,” said Ahmed Bin Sulayem, executive chairman of DMCC.
For Zhang Aiming, deputy chairman of CCPIT Hubei Branch, the MoU with
DMCC will “promote the significant commercial opportunities available
to Chinese companies in Dubai.”
DMCC will “promote the significant commercial opportunities available
to Chinese companies in Dubai.”
“We look forward to working alongside the world’s leading free zone
and connecting the Wuhan business community to exciting growth markets
through the global hub of Dubai,” Zhang said.
and connecting the Wuhan business community to exciting growth markets
through the global hub of Dubai,” Zhang said.
Last year, DMCC’s Dubai Gold and Commodities Exchange became the
first foreign exchange to list Shanghai Gold Futures outside China.
first foreign exchange to list Shanghai Gold Futures outside China.
About 300,000 Chinese nationals live in the UAE, while over 4,000 Chinese businesses operate in the Gulf state.
culled: XINHUANET
