The Arab League and China wants to reinforce collaboration in the area of non-oil

Today, the third Sino-Arab Cooperation Forum Entrepreneurs Symposium and Investment held in Hangzhou, Zhejiang, joined by 19 Arab nations, government representatives articulated tough expect, expect that China will open up the market in order that more non-oil yield into China. In this view, China has in addition bestowed the reply that this is a win-win and mutually beneficial cooperation.

“We like to enlarge environs of cooperation.” Vice minister of Chinese Ministry of Commerce Fu Ziying said that Arab nations have a advanced geographical superiority and supplies, while China has a affluence of development support, support between the two boundaries are highly complementary. “The future of both tourism, banking, human supplies coaching, agriculture and other environs of support has extensive prospects, a many development.”

“The investment opportunities in developing countries in the future in China.” Missions in China, head of the Arab side Ghaith said Act, in 2008 the volume of trade between the two sides has reached 133 billion U.S. dollars, but China is still mainly from Arab countries imported energy. “We hope to further strengthen bilateral cooperation in the field. At the same time, the Chinese side also hopes to further open up the market so that more Arab countries to the non-oil products into China.” At the same time, he also pointed out that Sino-Arab investment in the relationship between the two sides so far not up to a required level, “the development of space is still very great.” General Assembly President Alfonso also said the Syrian minister of state for the next few years, the Arab-Israeli bilateral trade volume can be further increased 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 learned that the deadline for the end of 2008, China’s direct investment in Arab countries reached 3.1 billion U.S. dollars, the Arab countries the amount of actual investment in China has reached 1.7 billion U.S. dollars, and also from the area of investment in resource development, and continuously to light industry, textiles, garments, machinery manufacturing, automobile assembly and other areas 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.