China and Arab nations simultaneously to deal with economic urgent position
Thursday, April 30th, 2009In order to “meet the challenge, mutual benefit and win-win” as the theme of “Sino-Arab Cooperation Forum and Investment Symposium Entrepreneurs”, China and Arab countries have indicated that they should strengthen trade, investment, finance and other fields, a total of development, hand in hand to deal with the impact of financial crisis.
China is the world’s biggest evolving homeland, the Arab nations are furthermore evolving a exclusive plate. Strong influence in this, engaging a broad variety of worldwide economic urgent position, both financial and communal development at a vital stage.
Attended from 21 to 22, held in Hangzhou, the General Assembly the Secretary-General of the Arab financial integration Gyawali Ahmed said, “the worldwide economic urgent position has conveyed us new trials, the General Assembly to convene in China and Arab nations supplied a good opening to alleviate the economic urgent position to talk about the influence of the urgent position proceed hand in hand. ”
“The current global financial crisis is a major task.” CCPIT Yu Ping, vice president said that in the crisis on the economic impact of very large entities, the China-Arab of the two sides should strengthen contacts and consultations to further open up more trade products, the normal trade convenience for more measures to speed up the development of commodity trade.
It is appreciated that at present China to the Arab country’s major trade items are mechanism and electrical devices goods, garments, textiles, footwear, exhausts, journey items, etc.; trades from Arab nations mostly oil goods, chemical raw components, chemical fertilizer, perfected oil, aluminum products.
Statistics display that in the Sino-Arab Cooperation Forum was formally established in the first year – 2004, the Sino-Argentine bilateral trade amounted to 36.7 billion U.S. dollars; By 2008, this trade amounted to 132.8 billion U.S. dollars, with an mean annual development rate of 38%.
Yu Ping said that from the figures, on the one hand, that the Arab market has great potential for Chinese companies is very attractive. On the other hand, the Arab market demand of China’s wide coverage, both the need for high-end products, but also the necessities of life, Chinese products in the Arab countries to expand the potential market share fairly.
Arab representatives said that the Arab-Israeli economic relations should be diversified, with the exception of the energy sector should strengthen cooperation in trade, investment, tourism, technology, culture, education, cooperation, China’s imports from Arab countries should also be the goods from the energy, minerals, raw materials, such as expansion into other areas, such as medicine, food, olive oil, vegetables, fruits and other goods, some Arab.
“Solve the economic urgent position is not just a difficulty of which homeland to work and need the junction efforts of all, we wish that the Arab nations as a entire, from a strategic issue of outlook with China to reinforce financial, trade, buying into and heritage collaboration in diverse fields. “This is perceived from the gathering of Arab agents, entrepreneurs in the universal voice.
Yu Ping said that the Chinese government has with a number of Arab countries have signed bilateral economic, trade and technical cooperation agreements, investment protection and avoidance of double taxation agreements.
To bring ahead better circumstances for bilateral trade, China CCPIT will in addition fortify the work of accumulation of market knowledge, with the Arab enterprise community to fortify the acquaintances and knowledge exchange to empower effectual and timely transmission of knowledge to both boundaries of the enterprise, to look for market chances for their Project Butt, enterprise opportunities.
In augmentation, because the Arab quite undiversified monetary structure, frail scope for, constricted the sorts of trade overseas yield, the Chinese boundary in addition articulated its eagerness to trade with the Arab States of the administration for them to redevelopment their yield, to extend the sorts of kinds to find shoppers in China give the needed services and training.
