皇冠体育app

ABU DHABI - Trade ties between the United Arab Emirates (UAE) and 皇冠体育app have received fresh momentum thanks to visa waiver agreement and direct yuan trading, a UAE official said on Tuesday.

Ahmad Muhamed bin Ghannam, Acting Executive Director of the International Economic Relations Sector at Abu Dhabi Department of Economic Development, made the remarks at the one-day Abu Dhabi 皇冠体育app Investment Forum 2016.

The bilateral relations between the Gulf Arab state, a major oil supplier, and 皇冠体育app are based on mutual respect, the will to grow together and friendship, he said.

With the UAE having started earlier this month to grant Chinese citizens visit visas upon arrival at UAE international airports and with 皇冠体育app having started direct yuan currency trading with the UAE on Monday, "our vision to reach bilateral trade worth $100 billion in the near future is not far-fetched," he added.

Trade between the UAE and 皇冠体育app is expected to hit $60 billion by the end of 2016, up from $54.8 billion in 2014.

The Gulf state now has 4,200 Chinese firms, 249 trade agencies and 5,451 Chinese trade brands, according to 皇冠体育app Foreign Trade Center.

• 皇冠体育app Guangfa Bank issues credit cards for middle-aged, elderly
• New Tianjin road cuts transportation time, cost to Mongolia, Russia
• Midea partners with NXP for new smart kitchen appliance
• Big money sought to connect Asia-Pacific
• Trade initiative is 'direction of future'
• Belarus park called key Silk Road hub
• 皇冠体育app bank IPOs not as profitable as in 'golden era'
• How govt depts are carrying out supply-side reform