Ajman Chamber has signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade (CCPIT) – Chongqing Committee, marking a strategic step toward strengthening bilateral economic collaboration.
The agreement aims to advance economic and investment relations between Ajman and Chongqing by enhancing commercial and industrial cooperation. It also seeks to build stronger ties between business owners and investors in both countries, encouraging mutual growth across key sectors.
The MoU was signed by Marwan Al Shaali, Board Member of Ajman Chamber, and Yang Shuchao, Vice Chairman of CCPIT – Chongqing Committee.
Al Shaali stated that, “Ajman Chamber places great importance on expanding its international partnerships to support Ajman Vision 2030’s goals and its direction towards creating a competitive business environment and an investment climate that drives economic growth and increases the volume of bilateral trade.”
The Ajman Chamber Board Member affirmed that signing the MoU with CCPIT – Chongqing Committee represents a strategic step toward strengthening economic and commercial cooperation between both parties and opening new horizons for partnership and exchange of investment opportunities.
The MoU stipulates strengthening frameworks for joint cooperation and developing bilateral relations in the economic, commercial, and investment fields.
Further, it encourages business owners to build fruitful partnerships that support increasing the volume of bilateral trade between Ajman and Chongqing specifically, and between the UAE and China generally.
The pact also prioritizes the flow of economic and trade-related information, aiming to strengthen cooperation across industry and investment platforms. This exchange facilitates market research and raises awareness of available investment opportunities on both sides, enabling business owners to make effective and well-informed investment decisions.
According to the statement, both parties agreed on the importance of organizing forums, seminars, and specialized conferences to promote the exchange of knowledge and expertise across all sectors, identify available investment opportunities, encourage the exchange of trade delegations, and provide necessary support for business owners.
The deal also calls for joint meetings between Ajman Chamber and CCPIT – Chongqing Committee to discuss activating the MoU’s provisions, develop recommendations to advance existing bilateral relations and ensure the continuity and expansion of cooperation under the MoU.
