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Thursday, April 23, 2009

The Arab League and China trusts to fortify support in the paddock of non-oil

By Professional editor working for frbiz.

Today, the third Sino-Arab Cooperation Forum Entrepreneurs Symposium and Investment held in Hangzhou, Zhejiang, came to by 19 Arab nations, government agents conveyed powerful wish, wish that China will open up the market in order that more non-oil goods into China. In this consider, China has furthermore granted the answer that this is a win-win and mutually beneficial cooperation.

"We want to broaden areas of cooperation." Vice minister of Chinese Ministry of Commerce Fu Ziying said that Arab countries have a superior geographical advantages and resources, while China has a wealth of industry support, cooperation between the two sides are highly complementary. "The future of both tourism, banking, human resources training, agriculture and other areas of cooperation has broad prospects, a great development."

"The financial endeavour chances in deducing nations in the future in China." Missions in China, head of the Arab boundary Ghaith said Act, in 2008 the size of trade between the two boundaries has arrived at 133 billion U.S. dollars, but China is still chiefly from Arab nations imported energy. "We expect to farther fortify bilateral support in the field. At the matching time, the Chinese boundary in addition trusts to farther open up the market in order that more Arab nations to the non-oil yield into China." At the matching time, he in addition incisive out that Sino-Arab financial endeavour in the bond between the two boundaries so far not up to a demanded stage, "the development of space is still very great." General Assembly President Alfonso in addition said the Syrian minister of state for the next small number years, the Arab-Israeli bilateral trade size can be farther advanced significantly.

In recent years, with China's cooperation with the Arab countries is increasingly deepening, and in 2008, in the Arab-Israeli bilateral trade volume reached 132.8 billion U.S. dollars, the Arab countries have become China's seventh largest trading partner. In addition, Sino-Arab cooperation in trade has also been shown to non-oil sector from the oil fields of the good momentum of development.

It is wise that the deadline for the end of 2008, China's direct buying into in Arab nations come to 3.1 billion U.S. dollars, the Arab nations the allowance of genuine buying into in China has come to 1.7 billion U.S. dollars, and furthermore from the locality of buying into in asset development, and relentlessly to lightweight commerce, textiles, garments, mechanism constructing, automobile assembly and other localities to expand.

Among them, the United Arab Emirates have shown the field of environmental protection and China's strong willingness to cooperate. "Welcome to our Chinese friends to strengthen the resources, the rational use of energy, environmental technology and other fields to develop the latest technology and building a high-level, sustainable living environment." Qasimi, Minister of the UAE Ministry of Foreign Trade said that the UAE has launched a a development of renewable energy initiatives, she is very optimistic about China's investment environment. "China has become a hot spot for investment, the investment environment more attractive."

This reporter has educated that the first China-Arab Cooperation Forum held more than five years, the two boundaries in the bilateral cooperative business to acknowledge, but in addition to ascertain the political, monetary, trade, vitality, ecological security, society, journal and other paddocks 11 Forum co-operation mechanism. - 21396

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