DMCC signs MoU with China trade, logistics park
Agreement opens doors for businesses in both countries looking to expand into new markets
Abu Dhabi: The Dubai Multi Commodities Centre (DMCC), the government authority on trade, enterprise and commodities in Dubai, signed a Memorandum of Understanding (MoU) with the Xi’an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference 2017 in China, according to a statement on Tuesday.
The MoU sets out to open doors for businesses in the UAE and China looking to expand into new markets as well as organising joint trade missions and economic delegations.
China remains the UAE’s top trading partner, with combined non-oil trade currently at $46 billion (Dh169 billion). The UAE’s Ministry of Economy announced earlier this month that the country’s investments in China totalled $2.1 billion in 2016.
