China-UAE Trade Rises 28% to Exceed $64 bn In 1st 8 Month of 2022
- Publish date: Friday، 04 November 2022 | Last update: since 4 days
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China-UAE bilateral trade has exceeded US$64 billion during the first eight months of 2022, which marked a 27.93 percent increase compared to the same period last year, a top Chinese diplomat told the Emirates News Agency (WAM)
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“China has become the UAE’s largest non-oil trading partner in the world, and the UAE remained China’s second-largest trading partner and the largest export market in the Arab region,” said Zhang Yiming, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China told WAM.
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The China-GCC Free Trade Agreement (FTA) negotiations have entered the final and critical stage, as the two sides have agreed on most issues and are putting the final touches on the agreement, the ambassador revealed.
The China-Arab Summit, which will be held in Saudi Arabia in December this year, will be an important milestone in the history of China-Arab relations, he said.
This will be the first such summit and the first face-to-face exchanges between Chinese and Arab leaders since the COVID-19 pandemic.
Two months ago, the ambassador presented the Chinese Government Friendship Award to Dr. Nawal Al Kaabi, a paediatrician and infectious disease consultant and the Chair of the SEHA infectious diseases and infection Control council.