Dubai-China trade worth Dh47bn in Q1 2015

China is well positioned as Dubai's top trading partner, with bilateral trade volume valued at Dh 47 billion in the first quarter of 2015, Director of Dubai Customs, Ahmed Mahboob Musabih, revealed following a business meeting with Consul General of China in Dubai, Li Lingbing.

Musabih hailed the exceptional UAE-China commercial relations, noting that Dubai-China trade scored a record Dh 175 billion in 2014.

The two sides explored Dubai-China bilateral trade ties and discussed mechanisms for further coordination in Customs operations to see more growth and prosperity in their mutual trade.

The Chinese Consul General Li Lingbing praised the role played by DC in pushing the reel of bilateral trade by putting in place top customs services and facilitations for Chinese traders and investors. She also stressed the importance of enhancing economic cooperation and coordination for stronger economic relations between China and the UAE.

Ahmed Mahboob said, "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."

He said Dubai Customs' endeavours to develop economic and trade ties with China were in fulfilment of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to work towards boosting trade with Asia and underpinning Dubai's regional and global foothold on the trade landscape.

Mr Musabih further noted that "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."

Dubai Customs is committed to bolstering Dubai's economic growth by supporting foreign trade and investment from all parts of the world, including China. "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," said Musabih.