The state visit to the People’s Republic of China, kindly granted by President Xi Jinping to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, joined alongside a considerable UAE delegation of government and businesses, from 21st to 23rd July, has advanced the relationship between our two countries in very real and practical ways.
This proved to be a momentous visit, with many noteworthy achievements. What was agreed was summed up succinctly through an announcement echoed by both President Xi Jinping and His Highness, that China and the UAE will work towards increasing bilateral trade volume to $200 billion by 2030. The target here is more than a threefold increase, as trade is now estimated to be worth around US$60 billion annually. So, we can see extremely ambitious plans, testament to the deepening relationship between our two nations.
In order to achieve a practical way of making strides towards this target, the Chinese and UAE delegations, led by President Xi Jinping and His Highness Sheikh Mohamed bin Zayed Al Nahyan respectively, signed 16 agreements and Memorandums of Understanding (MoUs), with the aim of strengthening cooperation across a vast number of areas, including economy, trade, investment, technology, artificial intelligence, culture and education, as well as protecting the environment and achieving food security. We now have a substantial result in this respect, complementing the strong synergy from President Xi Jinping’s visit to the UAE last year, with 14 MoUs and the setting in motion of the Comprehensive Strategic Partnership.