Sharjah 24 – WAM: Abdulla bin Touq Al Marri, Minister of Economy, participated in the first GCC-China economy and trade ministerial conference held in Guangzhou, China, in the presence of Jasem Mohamed AlBudaiwi, GCC Secretary General, ministers of economy and trade of GCC countries, and Wang Wen Tao, Chinese Minister of Trade.
Bin Touq said that under the guidance of its wise leadership, the UAE has made great strides in developing an integrated and pioneering circular economy system in accordance with international best practices. The UAE Circular Economy Agenda 2031 stipulates the implementation of 22 circular economy policies, which will contribute to enhancing the sustainability of the country by the next decade. The UAE has also launched several diverse tourism strategies and initiatives, most notably the "National Tourism Strategy 2031", contributing to sustained growth in tourism and aviation sector outcomes and indicators, boosting the national economy’s attractiveness for tourism investments, and consolidating its leadership in the global tourism and travel landscape.
On the sidelines of the conference, the Minister of Economy held a bilateral meeting with Wang Wentao, Minister of Commerce of the People's Republic of China, to explore ways to strengthen the UAE-China relations in various economic activities and areas, particularly the new economy, energy, manufacturing, renewable energy, health, transport, entrepreneurship and technology.
In his speech at the conference, Bin Touq underlined that the GCC-China relations were established 42 years ago and is witnessing continuous development and fruitful cooperation in all fields today, thanks to the unlimited support from both leaderships.
The Minister of Economy congratulated the Republic of China on the 10th anniversary of the Belt and Road Initiative, pointing out that the UAE supports China's efforts in developing this fruitful initiative, especially since it has attracted support from several countries and international organisations.
The event also hosted the China-GCC Economic and Trade Cooperation Forum to highlight the promising opportunities and potential offered by GCC countries and China to the private sector. It was also aimed at enhancing dialogue between the GCC and Chinese business communities to lead to the creation of diverse opportunities and establishment of new partnerships that benefit both economies.
Furthermore, the Minister of Economy called on the Chinese private sector to benefit from the advantages of the UAE’s new economic model and the incentives offered by its business environment.
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