AED 13.2 billion Non-oil trade between Abu Dhabi and China in 2017

MEDIA IN, Abu Dhabi, July 16, 2018 (WAM

) Non-oil merchandise trade between Abu Dhabi and China reached AED 13.2 billion in 2017, accounting for 8.2 percent of the emirate’s total trade of AED 160 billion at the end of the same year, according to figures released by the Abu Dhabi Statistics Center. The high level of trade between the two sides is evidenced by the convergence of volume levels in all directions, whether related to exports or imports, as well as the re-export trade, which has become Abu Dhabi and the UAE in general, a center that is the province of this type of trade. The growing interest of the Chinese companies and investors in the UAE market due to its attractive environment for the practice of all business activities, which reflects the large presence of companies that carry Chinese nationality and operates from Abu Dhabi and the UAE in general and in particular through the free zones spread across the UAE Country. The value of Abu Dhabi’s exports to China reached 4.2 billion dirhams in 2017, according to figures from the Statistics Center contained in its report on non-oil merchandise trade that entered or exited the land, sea and air ports of Abu Dhabi with the world during the monitoring period. In terms of trade in goods received, between Abu Dhabi and China during the year 2017 amounted to 5.5 billion dirhams, while the value of re-export trade between the two sides 3.5 billion dirhams. The “Silk Road” initiative, which aims to build a railway belt and roads across Central Asia and Russia and a sea route to allow China to access Africa and Europe via the China-Indian Ocean, is expected to boost trade and economic cooperation between Abu Dhabi and the UAE on the one hand and China on the other. In the coming years