SCO hands out opportunities to strengthen UAE-China ties

(MENAFN) The Shanghai Cooperation Organization (SCO) offers significant opportunities to enhance trade and economic ties between the United Arab Emirates (UAE) and China, according to a leading business expert.

Nasser Saidi, founder and president of a prominent consultancy, noted that most trade between the UAE and the Gulf Cooperation Council (GCC) now involves Asia, with China emerging as the largest trading and increasingly the main economic partner.

These insights were shared ahead of the upcoming SCO summit scheduled for August 31 to September 1 in Tianjin, where over 20 countries and 10 international organizations will participate. The UAE joined the SCO as a dialogue partner in May 2023.

Saidi emphasized the transformative potential of a free trade agreement (FTA) between the GCC and China, positioning the UAE to take a leading role in such an initiative. He also called for more SCO-related events to be hosted in the UAE, underscoring energy—both fossil fuels and renewable sources—as a central pillar for cooperation. Additionally, he highlighted promising areas for partnership, including artificial intelligence, financial technology, and smart governance.

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