MOU on 4-Party Cooperation between Yangpu and Abu Dhabi Sister Ports Signed

October 02, 2024 01:26 PM AEST | By Cision

MOU on 4-Party Cooperation between Yangpu and Abu Dhabi Sister Ports Signed — Image source: Kalkine Media

Recent News

CCTV+: Xi vows greater national achievements, contributions to humanit...

CellPoint Digital Partners with PayU GPO, a Payment Service Provider S...

Toshiba in Agreement with Rinko Bus and Drive Electro on Demonstration...

APAC LIVER DISEASE ALLIANCE HOSTS "HEP-FREE: ELIMINATING ASIA'S SILENT...

HAIKOU, China, Oct. 2, 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.

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.

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.