Skip to main content

UAE President to begin state visit to South Korea, China: Explore bilateral relations and trade outlook


HH Sheikh Mohamed bin Zayed, President of the UAE, is set to begin a high-profile state visit to South Korea on May 28, followed by a visit to China on May 30. These visits come at the invitation of South Korean President Yoon Suk Yeol and Chinese President Xi Jinping.

State Visit to South Korea

During his visit to South Korea, Sheikh Mohamed will engage in discussions on bilateral relations and strategies to enhance cooperation in trade, investment, energy, and technology. Additionally, they will address regional and international developments of mutual interest.

The UAE and South Korea have a long-standing partnership that began 44 years ago, characterized by cooperation in various domains such as economic development, climate change, nuclear energy, food security, cybersecurity, defense, healthcare, culture, and space. The UAE President’s visit marks a significant milestone in these relations. 

In 2022, non-oil bilateral trade between the UAE and South Korea reached $5.3 billion, a 12.5% increase from the previous year. South Korea’s investments in the UAE totaled $2.2 billion, while UAE investments in South Korea were $578 million. The comprehensive economic partnership agreement (CEPA), concluded in October 2023, is expected to further boost bilateral trade and investment.

State Visit to China

In China, Sheikh Mohamed will discuss bilateral relations and opportunities for further cooperation, particularly in the economic, developmental, and cultural fields. His visit coincides with the 40th anniversary of UAE-China diplomatic relations and the 10th Ministerial Conference of the China-Arab States Cooperation Forum.

The UAE and China have shared a strong partnership since establishing diplomatic ties in 1984. In 2018, President Xi Jinping's state visit to the UAE elevated their relationship to a comprehensive strategic partnership. 

China is the UAE's leading trade partner, with bilateral trade reaching approximately $95 billion last year. The UAE serves as China’s top trading partner in the Arab and Gulf regions and is a major participant in China's Belt and Road Initiative, enhancing economic and trade cooperation.

Travel and Tourism

Travel and tourism play a crucial role in strengthening UAE-South Korea relations, with over 200,000 Korean travelers visiting the UAE annually. Etihad Airways and Emirates operate numerous flights between the two countries each month. 

These visits by HH Sheikh Mohamed bin Zayed signify the UAE's commitment to deepening ties with South Korea and China, fostering cooperation across various sectors, and advancing mutual development goals.
Labels:

Comments

Post a Comment

Popular posts from this blog

UAE and US issue joint statement on cooperation on artificial intelligence

  UAE President Sheikh Mohamed bin Zayed and US President Joe Biden met on Monday in the US during an official visit by the Emirati leader. This visit marks the fourth bilateral meeting between the two leaders during the Biden-Harris administration. During their discussions, Mohamed bin Zayed and Biden reaffirmed the strong UAE-US strategic and defense partnership, explored ways to enhance cooperation in advanced technology and investments, and addressed global and regional issues. Both leaders committed to pursuing further opportunities to strengthen their partnership, promote peace and stability in the Middle East and beyond, and provide global leadership on key shared issues. The UAE-US relationship, spanning five decades, is built on a solid foundation. Building on the vision of Mohamed bin Zayed and Biden to advance safe artificial intelligence, UAE national security advisor Sheikh Tahnoon bin Zayed and US national security advisor Jake Sullivan reaffirmed their countries' coo
Post a Comment
Read more

Sheikh Khaled bin Mohamed’s official trip to India holds great importance for UAE-India bilateral relations

  His Highness Sheikh Khaled bin Mohamed is making his first official visit to India , accompanied by several UAE ministers and a business delegation. The visit marks a significant step in strengthening UAE-India bilateral relations. Upon his arrival on September 8, Sheikh Khaled was welcomed by India's Commerce and Industry Minister Piyush Goyal. His visit includes a comprehensive agenda, with discussions between Sheikh Khaled and Indian Prime Minister Narendra Modi focusing on key areas of bilateral cooperation. Additionally, Sheikh Khaled is scheduled to meet with Indian President Droupadi Murmu. The ongoing Israel-Hamas conflict may also be part of the dialogue, as reported by NDTV. On the second day, Sheikh Khaled is expected to participate in a business forum in Mumbai, attended by business leaders from both nations, further underscoring the growing trade and investment ties between the UAE and India. The UAE and India have a long-standing relationship, established in 1972, w
Post a Comment
Read more

The UAE facilitated the largest prisoner exchange in history between Russia and Ukraine

 Ukraine and Russia have announced their first exchange of prisoners of war in nearly five months, with over 200 freed by each side after a complex negotiation involving mediation by the United Arab Emirates. Russia's Defence Ministry reported that 248 military personnel had been handed over by Ukraine, while Kyiv brought home 230 people, including 224 soldiers and six civilians, in the largest documented swap of troops so far. The UAE's foreign ministry acknowledged its role in the swap, stating that it was made possible by its "strong friendly relations" with both Moscow and Kyiv. A video released by Ukrainian authorities showed returning prisoners in their blue and yellow flags filing off a bus, singing the national anthem, and shouting the patriotic greeting "Glory to Ukraine." Most of the prisoners appeared to be in good health, with one returnee shouting "We are home! You didn't forget us!" The Russian Ministry of Defence also released a
Post a Comment
Read more