Dubai-China trade worth AED 47 billion in Q1 2015
China has become Dubai’s top trading partner, with bilateral trade volume valued at AED 47 billion in the first quarter of 2015, according to director of Dubai Customs Ahmed Mahboob Musabih.
He made the revelation following a business meeting with Li Lingbing, Consul General of the People's Republic of China in Dubai, noting that Dubai-China trade scored a record AED 175 billion in 2014.
“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,” Musabih commented:
During the meeting, the two sides explored Dubai-China bilateral trade ties and discussed mechanisms for further coordination in customs operations to see more growth in their mutual trade.
Lingbing praised the role played by Dubai Customs in pushing the reel of bilateral trade, and stressed the importance of enhancing economic cooperation and coordination for stronger economic relations between China and the UAE.
Musabih added: “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.
“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.”