Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Bilateral trade between the UAE and China hit $21.4 billion during the first half of the year, up nearly 14 per cent compared to the same period in 2012, China’s exports to the UAE stood at $15.4 billion, while its imports from the UAE touched $5.9 billion, according to the study released ahead of the 12th Chinese Commodities Fair Sharjah (CCFS), which will be held from December 16 to 18 at the Expo Centre Sharjah.
GCC countries accounted for up to 70 per cent of China’s trade with Arab countries, said the event organisers. "The UAE is now China’s largest export market and the second largest trade partner among Arab countries," said Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah.
China’s trade with several Western countries was affected by the economic slowdown, but its economic ties with the GCC have continued to grow significantly even in the aftermath of the global financial crisis, with CCFS being a conduit for enhancing bilateral trade, stated Al Midfa.
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