China regards the United Arab Emirates as a good friend and partner in the Persian Gulf, strives to improve the level of relations of strategic partnership with the UAE.
December 19, 2017, the UAE and China have signed a Memorandum of Understanding, MoU, to exempt UAE nationals carrying regular passports from obtaining pre-entry visas, allowing the UAE citizens stay in China for up to 30 days on each visit. It comes into force 16th January, 2018.
The MoU was signed in Abu Dhabi by Ahmed Saeed Elham Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry of Foreign Affairs and International Cooperation for UAE, and Ni Jian, Ambassador of the People’s Republic of China to the UAE.
Al Dhaheri announced that from 16th January, 2018, UAE citizens can visit China without getting a pre-entry visa and stay for up to 30 days per visit.
This step also contributes to strengthening bilateral relations and opening new possibilities for growing tourism and trade between the two friendly countries.
China considers the UAE one of the best countries for doing business, developing bilateral and, in particular, trade relations. Both sides are interested in cooperation.
The UAE are also not much influenced by global instability and the UAE successfully develop the economy, establishing relations with advanced producers, simplifying bilateral and, in particular, trade relations. The UAE is interesting in growth through cross-border transactions. Emirates largely depend on imports, and taking into consideration the comprehensive scale production in China, the development of relations in this vein on the part of Dubai is understandable. What make the UAE interesting for China? In many respects high figures in the trade sector are provided by the energy resources of the Middle East, and China is much dependent on it. However, in the coming years, both sides are interested in expanding trade ties in the non-energy sector, mainly through trade, tourism, construction and financial services.
Dubai has a strategic location at the junction of Europe, Africa and the Far East and 60% of China’s trade passes through the UAE for re-exports to Africa and Europe. Rapid trade relations between states became possible due to the signed free trade agreement between China and the Cooperation Council of the Arab Gulf countries in 2002.
Bilateral talks at the government level and comprehensive meetings of businessmen predict an increase in trade volumes between the countries. China plans to encourage its companies to import products of the non-power sector from the UAE.
Some large Chinese banks have branches in the UAE, and Chinese companies are presenting their goods at exhibitions in the UAE every year. All these factors point to the mutual desire of the two states to expand cooperation in the future, strengthening trade and business ties between countries.
Given the favorable relations, including the trade sector, between China and the UAE, as well as attractive terms of cooperation for companies from the UAE with Chinese companies, it is possible to profitably build business by minimizing risks and increasing profits through the use of all the advantages of partnership between countries .