Since China and UAE established a formal partnership in 1984, both countries have become the leading trade partners and the mutual relationship is all set to grow further in the near future.<\/p>\n
Over the past few years, the two countries have been working harder to find the right development path. Especially, China has been pressing ahead with transformation and opening up, with a focus on people through scientific development. The China-UAE trade has grown from $63 million in 1984 to $60 billion in 2016 and is predicted to swell in the coming years.<\/p>\n
The UAE is responsible for one-fifth of Sino-Arab trade and one-third of China-GCC trade. China exports mainly electronic appliances, mechanical tools and devices, while the UAE exports mainly copper, iron, plastic and more.<\/p>\n
In 2016, Ahmad Mohammed Bin Ghannam, Executive Director of the International Economic Relations Sector, said that thanks to the UAE government, Chinese visitors to the emirates will now get visas upon arrival at the country\u2019s international airports. He appreciated the step taken by Chinese government to start direct Yuan currency trading with the UAE. He is convinced that the bilateral trade between the two countries reaching $100-billion mark in the near future is not far-fetched one.<\/p>\n
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