UAE Signs Free Zone Deal with China

UAE Signs Free Zone Deal with China

Agreement reached during DMCC’s latest Made for Trade Live roadshow in China

Dubai Multi Commodities Centre (DMCC) has signed a Memorandum of Understanding (MoU) with the China Council For The Promotion Of International Trade (CCPIT), the largest official institution for the promotion of foreign trade in China.

Designed to strengthen the commercial collaboration between the Hubei business community and DMCC, the agreement highlights Dubai’s position as a global gateway and the ideal partner for leading Chinese enterprise to access some of the fastest-growing markets worldwide.

The agreement was unveiled during a ceremony staged at the Wanda Realm Wuhan hotel, in conjunction with CCPIT Hubai Province, and as part of DMCC’s latest Made for Trade Live event.

The international roadshow is currently touring the Chinese cities of Wuhan, Beijing, Huangshi and Shanghai, to meet with senior business leaders and government officials and highlight the commercial opportunity presented by Dubai, through DMCC.

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Ahmed Bin Sulayem, Executive Chairman, DMCC, said: “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.

“The Made for Trade Live roadshow is a fantastic programme in that it enables DMCC to traverse the globe and communicate the commercial appeal of Dubai and the ease of doing business across a wide array of sectors.

“As the world’s economic gravity continues to shift eastwards, DMCC looks forward to supporting the strategic Dubai-China relationship, and enabling Chinese firms take advantage of its global connections, robust infrastructure and innovative business services.”

Aiming Zhang, Deputy Chairman, CCPIT Hubei Province, said: “CCPIT is thrilled to sign this Memorandum of Understanding with DMCC and by doing so, 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.”

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