China inks deal with UAE con­firm­ing its par­tic­i­pa­tion in 2020 Expo

China's Foreign Trade (English) - - Briefing -

China said it will show­case its lat­est and most cut­ting- edge tech­nol­ogy at the China Pavil­ion of the Expo 2020 in Dubai, as the coun­try con­firmed its par­tic­i­pa­tion in the Expo.

China con­firmed its par­tic­i­pa­tion by sign­ing a deal with the United Arab Emi­rates in Dubai on May 8. The deal was signed be­tween Zhang Wei, Com­mis­sioner- Gen­eral of the China Pavil­ion and Vice Chair­man of the China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade (CCPIT), and Na­jeeb Mo­ham­mad Al Ali, Ex­ec­u­tive Direc­tor of the Dubai Expo 2020 Bu­reau.

Zhang Wei ex­plained that the CCPIT, on be­half of the Chi­nese Govern­ment, has or­ga­nized the China Pavil­ion for the World Expo 15 times since its first par­tic­i­pa­tion in 1982. The UAE is the first gulf coun­try to have es­tab­lished a strate­gic part­ner­ship with China and to have backed up China’s Belt and Road Ini­tia­tive.

“The re­la­tion­ship be­tween China and the UAE is fan­tas­tic. Now we have com­pre­hen­sive co­op­er­a­tion in dif­fer­ent fields — the econ­omy, pol­i­tics, cul­ture, ed­u­ca­tion — I think the Dubai Expo will strengthen ties be­tween China and the UAE,” said Ni Jian.

China has con­firmed that it will set up a sep­a­rate pavil­ion cov­er­ing an area of 4,636 square me­ters. The theme of the China Pavil­ion will be “Build­ing a Hu­man Com­mu­nity with Shared Des­tiny, In­no­va­tions& Op­por­tu­ni­ties”.

The UAE govern­ment of­fi­cially in­vited China to par­tic­i­pate in the 2020 Expo in April, 2016. The CCPIT, on be­half of the Chi­nese govern­ment, handed in their of­fi­cial con­fir­ma­tion in May, 2017.

Gov­ern­ments should sub­stan­tially re­duce their role in di­rect al­lo­ca­tion of re­sources and chan­nel more en­ergy into macro­pri­den­tial reg­u­la­tion, pub­lic ser­vices, mar­ket su­per­vi­sion, so­cial man­age­ment, and en­vi­ron­men­tal pro­tec­tion.

We think that the govern­ment is closely mon­i­tor­ing de­vel­op­ments on both trade fric­tions and un­der­ly­ing do­mes­tic de­mand, and is poised to fur­ther fine-tune sup­port­ive mea­sures if nec­es­sary.

China’s im­ports of US med­i­cal care and high-tech prod­ucts are likely to sur­pass that of en­ergy and agri­cul­tural prod­ucts in terms of both value and va­ri­ety.

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