China and Arab nations simultaneously to deal with economic urgent position

In 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 greatest deducing nation, the Arab nations are in addition deducing a sole plate. Strong consequence in this, including a large assortment of global fiscal critical purpose, both monetary and public development at a very valued stage.

Attended from 21 to 22, held in Hangzhou, the General Assembly the Secretary-General of the Arab monetary integration Gyawali Ahmed said, “the global fiscal critical purpose has fetched us new tests, the General Assembly to convene in China and Arab nations gave a good possibility to alleviate the fiscal critical purpose to consider the consequence of the critical purpose depart hand in hand. ”

“The present international economic urgent position is a foremost task.” CCPIT Yu Ping, vice leader said that in the urgent position on the financial influence of very large entities, the China-Arab of the two edges should reinforce associates and discussions to farther open up more trade goods, the usual trade convenience for more assesses to pace up the development of product trade.

It is understood that at present China to the Arab country’s main exports are machinery and electronic products, garments, textiles, shoes, tires, travel goods, etc.; imports from Arab countries mainly oil products, chemical raw materials, chemical fertilizer, refined oil, aluminum products.

Statistics present 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 midpoint annual expansion 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 financial relatives should be diversified, with the exclusion of the power part should reinforce collaboration in trade, buying into, tourism, expertise, heritage, learning, collaboration, China’s trades from Arab nations should furthermore be the items from the power, minerals, raw components, for example expansion into other localities, for example surgery, nourishment, olive oil, vegetables, fruits and other items, some Arab.

“Solve the financial crisis is not just a problem of which country to work and require the joint efforts of all, we hope that the Arab countries as a whole, from a strategic point of view with China to strengthen economic, trade, investment and cultural cooperation in various fields. “This is heard from the meeting of Arab officials, entrepreneurs in the universal voice.

Yu Ping said that the Chinese government has with several Arab nations have marked bilateral financial, trade and mechanical collaboration affirmations, buying into defence and avoidance of twice 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.