Trading System: China and Abu Dhabi

trading system: Chinese President Xi Jinping held talks with Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi of the UAE, at the Great Hall of the People in Beijing on Monday, the Xinhua News Agency reported, according to Global Times China. Sheikh Mohammed bin Zayed Al Nahyan is on a state visit to China from Sunday to Tuesday. Photo Xinhua China and the United Arab Emirates UAE signed multiple agreements on Monday to enhance bilateral cooperation in sectors ranging from energy to financing under the Belt and Road Initiative BRI . Amid rising global trade protectionism, Chinese officials noted that the two nations could also work together to improve the global multilateral trading system. Hailing the UAE as China's important strategic partner in the Middle East, Xi stressed during the talks that the two will continue to promote the high-quality development of the BRI, strive to achieve bilateral trade of 200 billion by 2030, and advance demonstration projects such as the Khalifa Port Container Terminal Phase II and China-UAE Industrial Capacity Cooperation Demonstration Zone. The UAE has always been a close partner of China and an active member in the BRI, Zhang Jianping, director general with the Center for Regional Economic Cooperation under the Ministry of Commerce told the Global Times on Monday. While vowing to expand long-term, stable and comprehensive strategic cooperation in the energy sector, the two sides also signed a memorandum of understanding MOU on Monday to promote bilateral cooperation in capacity, investment and financing under the BRI. They will also encourage companies from both countries to join hands and expand the Middle East and North Africa markets. (news.financializer.com). As reported in the news.