HAIKOU,
China, Oct. 1, 2024 /PRNewswire/ -- A report from Hainan International Media Center
(HIMC):
On the occasion of the 40th anniversary of the establishment of
diplomatic relations between China
and the United Arab Emirates, the
Management Committee of the Yangpu Economic Development Zone, the
Abu Dhabi Ports Group, COSCO SHIPPING Ports（Abu Dhabi）Limited and
Hainan Harbor & Shipping Holding
Co., Ltd. signed a memorandum of understanding in Abu Dhabi on September
20, further deepening cooperation between the Hainan Free
Trade Port (FTP) and other free
trade zones and ports around the world.
At the signing ceremony, Feng
Fei, Secretary of the Hainan Province Party Committee,
stated that China and the UAE have
developed a comprehensive strategic partnership, setting an example
for relations in the new era. Exchanges and cooperation between
Hainan and the UAE have developed rapidly, with economic and trade
relations becoming increasingly closer. The signing of this MOU is
not only an important milestone in the deepening of cooperation,
but is also part of a long string of achievements of the Belt and
Road Initiative. The FTP is working to meet the world's highest
standards of openness, follow international high-level economic and
trade rules, and set up a policy system that features "free,
convenient trade, investment, and cross-border capital flows, the
unhindered movement of people, excellent transportation, and the
safe and orderly flow of data".
Feng also stated that the Yangpu Economic Development Zone, one
of the MOU signatories, and a pilot demonstration zone of the
Hainan FTP, will work with Abu
Dhabi Port to implement the agreement, share development
opportunities, achieve greater mutual benefits and win-win results,
and move the China-UAE comprehensive strategic partnership
forward.
Wang Min, Chairman of COSCO
Shipping Group, said that Abu
Dhabi and Yangpu are two of the most important hub ports for
the COSCO Shipping Group in the Asia-Pacific region as well as globally. In
April, a direct "Yangpu-Abu Dhabi" shipping route was successfully
launched, developing a broad, far-reaching transport network
connecting the two sister ports.
According to the MOU, the
parties will jointly promote cooperation between Yangpu Port and
Abu Dhabi Port, strengthen cooperation in port construction,
shipping services, green energy, and other fields, enhance the
capacities and expand the reach of the ports, and jointly expand
the China and UAE markets.
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SOURCE Hainan International Media Center (HIMC)