China–United Arab Emirates relations

People's Republic of China– United Arab Emirates relations

China
United Arab Emirates

People's Republic of China – United Arab Emirates relations refer to the diplomatic relations between the People's Republic of China and the United Arab Emirates. Diplomatic ties were first established in 1984. The UAE maintains an embassy in Beijing and a consulate-general in Hong Kong while China has an embassy in Abu Dhabi and consulate-general in Dubai.

Background

The relations between the two have historically been mounted on high-level trade. In 2007, China-UAE bilateral trade scaled new highs, exceeding $19.4 billion and indicating a growth rate of 41 percent. There are also some 2,000 Chinese firms operating in the UAE and a large community of Chinese in the United Arab Emirates who are involved primarily in the construction sector.[1] Additionally, the UAE is China's second largest trading partner in the Persian Gulf region and the largest in terms of buying Chinese products.

According to Wen Jiabao, "the UAE is one of China's most important economic partners in the Persian Gulf region, serving as a transfer center for Chinese products to the Middle East and African markets." He also encouraged Emirati businesses to invest in China and Chinese companies to invest in the UAE, noting that the expansion of bilateral cooperation facilitates the fundamental interests of both nations.[2]

During a visit to China in 2010, UAE Minister of Foreign Trade Sheikha Lubna Al Qasimi expressed that the UAE was keen on strengthening its strategic partnership with China and developing commercial and investment cooperation.[3]

Ventures

In May 2010, both sides inked a memorandum of understanding with the aim of pushing forward cooperation in railway construction. Under the document, signed by Liu Zhijun and Sheikh Hamdan bin Mubarak Al Nahyan, the two sides will launch extensive cooperation in such areas as railway development, engineering construction, technical exchanges and personnel training.[4]

Immigration

There are over 180,000 people of Chinese origin living in the UAE.[1]

Bibliography

References

  1. 1 2 UAE-China trade exceeds $19 bn - ThaIndian
  2. ↑ China, UAE agree to boost ties for mutual benefit - Xinhua News
  3. ↑ UAE, China discuss economic cooperation - ThaIndian
  4. ↑ China, UAE sign MoU on railway cooperation - China Daily
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