The Emirates Export Credit Corporation has signed a memorandum of understanding with its Chinese counterpart, Sinosure, aimed at strengthening economic cooperation and promoting sustainable trade and investment between the UAE and China.
The signing took place during the UAE’s participation in the 8th China International Import Expo held in Shanghai. The agreement was signed by Rajaa Al Mazrouei, CEO of the Emirates Export Credit Corporation, and Lou Dong, General Manager of the Shanghai branch of Sinosure.
Dr. Thani Al Zeyoudi, Minister of Foreign Trade, stated: “The UAE and China maintain a long-standing strategic partnership founded on strong pillars of mutual interests, active trade exchanges, quality investments, and constructive collaboration between the private sectors of both nations.”
The UAE stands as China’s largest trading partner in the Arab region, with approximately 60% of total Chinese trade passing through its logistics hubs for re-export to over 400 cities across the Middle East and North Africa. The memorandum with Sinosure marks a significant step forward in enhancing our bilateral partnership.