PHOTO
Dubai, UAE; DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding (MoU) with 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 in Central, South and South-East Asia, Europe, the Middle East, Africa and beyond.
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.
“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, DMCC.
“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,” he added.
“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,” Aiming ZHANG, Deputy Chairman, CCPIT Hubei Province added.
Made for Trade Live also profiles the 15,000 plus member companies in DMCC, including the growing number of leading Chinese firms such as Hisense; Hikvision; China Petroleum Engineering & Construction Corporation (CPECC); China Petroleum & Chemical Corporation (Sinopec); China Harbour Engineering Company, Power Construction Corporation of China and CHEMCHINA Chinese registrations have risen at an average annual growth rate of 46% in the five years up to May 2018.
In addition to Ahmed Bin Sulayem and Aimin ZHANG, attendees at the event included: Xiaoyan Li, Director of Foreign Relations Department, CCPIT Hubei; Justin Li, General Manager, Yingtian China Business Center DMCC; Liu Haijiang, Vice Chairman, China-Arab TV; Sanjeev Dutta, Executive Director – Commodities, DMCC, Krysta Fox, Executive Director, DMCC and Gang Li, Consultant of China Chamber of International Commerce, Hubei Chamber of Commerce.
The latest Made for Trade Live event is part of DMCC’s increasing engagement with China. Last year, DMCC’s Dubai Gold & Commodities Exchange (DGCX) was the first foreign exchange to list Shanghai Gold Futures (SGF) outside of China. Ahead of the DMCC Coffee Centre launch later this year, DMCC signed a strategic supply agreement with MCH and Yunnan State Farms and last month, DMCC also signed a knowledge transfer agreement with Meishan, representing the Ningbo Province.
-Ends-
Media enquiries
DMCC
PR & Corporate Communications
Email: pr@dmcc.ae
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
