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Dubai and China strengthen trade ties



Dubai Multi Commodities Centre (DMCC) signs of a Memorandum of Understanding (MoU) with the Guangzhou Diamond Exchange (GZDE) to strengthen ties and create new diamond trading opportunities between Dubai and China.


 “This agreement will further advance the strong and longstanding cultural and commercial ties that exist between the UAE and China, and extend our support to both the Dubai Silk Road strategy and One Belt One Road Initiative,” Ahmed Bin Sulayem DMCC CEO said. Both parties have committed to cooperate in promoting responsible business practices among their respective members.


China is one of DMCC’s key target markets. According to the National Bureau of Statistics of China, China's jewellery market has seen a positive trend with three consecutive months of growth since March 2020. DMCC signed a similar agreement with the China Gems and Jade Exchange (CGJE) last year.

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