ABU DHABI, July 21st, 2018 (WAM) — The governments of the United Arab Emirates (UAE) and the People’s Republic of China on Friday signed a memorandum of understanding (MoU) concerning joint cooperation on the Silk Road Initiative and the 21st Century Maritime Silk Road Initiative.
Inked by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and He Lifeng, Chairman of the National Development and Reform Commission (NDRC), during the landmark state visit of President Xi Jinping of China to the UAE, the MoU will contribute to facilitating exchange and integration of commodities, technology and capital through mutual education and cooperation.
It will also advance concerted development and joint progress in areas of economy, community, environment and other sectors.
The agreement underscores the political will of the Emirati and Chinese leaderships to jointly promote the Belt and Road Initiative with the aim of elevating the spirt of the Silk Road for peace, openness and mutual education and cooperation in a manner that serves mutual interests. (WAM)