RAK Chamber of Commerce and China Ambassador to UAE Discuss the Cooperation and Commercial Ties

Chairman, RAK Chamber honoring H. E. China Ambassador to UAE

Chamber of Commerce and China Ambassador has discussed Cooperation and Commercial Ties!

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His Excellency Mohamed Mosbbeh Al Nuaimi, Chairman, Ras Al Khaimah Chamber of Commerce and Industry received His Excellency Zhang Yiming, Ambassador of the People’s Republic of China to UAE. The meeting discussed the cooperation framework and the best ways to enhance the economic ties between the two sides and the possibility of opening commercial markets between Ras Al Khaimah and China, and to develop the trade exchange which will unlock the investment opportunities for businessmen from both sides. The meeting was held at Ras Al Khaimah Chamber of Commerce headquarters in presence of Youssef Ismail, Head of the Supreme Committee of Saud Bin Saqr Establishment for Youth Project Development, Eman Al Hayyas, Assistant Director General of the Commercial Services and Business Development Sector and Ahmed Al Shemeili, Assistant Director General Supporting Commercial Services Sector.  

His Excellency Chairman of Ras Al Khaimah Chamber Mohamed Al Nuaimi welcomed the visit which will contribute to enhancing the relations between the two sides across all fields in general and the economic and trade sectors in particular, he underscored keens of the Chamber to activate the economic cooperation frameworks, and to enhance the trade exchange with the People’s Republic of China in future; he stated that the Chamber will provide all the information, expertise, incentives and facilities that will contribute to developing the economic relations between companies, businessmen and investors and will enable them to explore the investment opportunities in line with its efforts to promote the investment opportunities and find new markets that support development of the business sector. 

Cooperation and Commercial Ties

Al Nuaimi highlighted the incentives provided by the Emirate of Ras Al Khaimah to the foreign investors, the business friendly environment, efforts of the departments and authorities in Ras Khaimah to provide attractive business environment through easy procedures as well as the fast fulfilment of all the requirements that enable the businessmen to start their businesses and projects. He stated that the trade exchange between the Emirate of Ras Al Khaimah and China in 2022 totaled billion and 41 million dirhams with growth of 42 percent compared to the previous year (2021), as it was amounted to 707 million dirhams, while the imports represented the larger share of the trade exchange with imports from China totaled 810 million dirhams with 77.7 percent, and the re-exports to china totaled 130 million dirhams with 13 percent, and export to China totaled 101 million dirhams with 10 percent. 

His Excellency Zhang Yiming, Ambassador of the People’s Republic of China to UAE praised the advanced level of the relations between China and UAE in all fields and sectors, he stressed that the bilateral relations is growing at a faster pace in all fields until reaching the highest level with activation of the comprehensive strategic partnership between the two countries, which is considered the highest level of Chinese diplomatic relations. He noted that the new partnerships between the two countries particularly in the key sectors such as culture and education reflect the strong friendship between the two nations. He pointed out that the Chinese school which has been established in Dubai with Chinese teachers, and is considered the first Chinese school abroad with support of the Chinese Government and efforts of the wise leadership of the United Arab Emirates. He further noted that UAE accommodates the largest Chinese community with over 300 thousand Chinese citizens living peacefully in the United Arab Emirates, and working in many Chinese companies, they are all innovative individuals. 

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