As China and the United Arab Emirates (UAE) commemorate the 40th anniversary of their diplomatic relations, the two nations reflect on a partnership that has flourished into a model for Sino-Arab cooperation in the modern era. Established in 1984, the relationship has grown exponentially, culminating in a comprehensive strategic partnership in July 2018. This alliance is built on mutual respect, shared interests, and a common vision for a prosperous future.
The UAE’s recent accession to BRICS signifies its commitment to multilateralism and diversified global partnerships. This move not only strengthens the UAE’s position on the global stage but also enhances its collaboration with China in addressing pressing global challenges such as climate change, energy security, and food security.
The UAE’s active participation in China’s Belt and Road Initiative (BRI) has been transformative for both nations. A landmark $10 billion investment in the UAE-China Joint Investment Cooperation Fund, along with multiple memorandums of understanding, aims to spur growth across the Middle East and East Africa. In the first half of 2023, trade with BRI nations reached $305 billion, accounting for 90% of the UAE’s non-oil trade and marking a 13% increase from the previous year.
China remains the UAE’s largest trading partner, with bilateral trade reaching $50 billion in the first half of 2024 aloneāan 800-fold increase since diplomatic ties were established. Both countries are ambitious in their economic goals, aiming to achieve $200 billion in bilateral trade by 2030. This target reflects a sustained commitment to economic synergy across key sectors, including telecommunications, renewable energy, transportation, and tourism.
By actively championing the BRI, the UAE reaffirms its role as an influential economic powerhouse and a catalyst for sustainable growth and international cooperation. The nation’s contributions are paving the way for a more interconnected global economy, positioning the UAE as a vital bridge between East and West.
Reference(s):
cgtn.com