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UAE-China trade exchange hits AED132bn

Emirates continue efforts to enhance investment-friendly environment and cement its position as a top destination for foreign capital in Middle East.

Trade exchange between the United Arab Emirates and China surpassed AED132 billion in 2014, an official reveals.

In 2013, trade exchange between the two countries amounted to AED142bn, says Badir Ahmad al-Mishrekh, the UAE commercial attaché in China.

He adds that trade with China accounted for approximately 8.4 per cent of the UAE’s total trade exchange with the world.

In remarks published the United Arab Emirates News Agency (WAM), there is a strong tendency by Chinese investors to launch ventures in the UAE thanks to the country’s attractive legislative and infrastructure environment and lucrative business climate.

Speaking on investments by the UAE investors in China, the official said most UAE ventures in the Asian nation are centred in areas of oil and gas extraction, the petrochemical industry, coal, real estate, wood products and plastic manufacturing, in addition to ports and container shipment operations.

He stresses that the UAE is continuing its efforts to further enhance its investment-friendly environment and cement its position as a top destination for foreign capital in the Middle East.