In alignment to “meet the dispute, mutual advantage and win-win” as the topic of “Sino-Arab Cooperation Forum and Investment Symposium Entrepreneurs”, China and Arab nations have demonstrated that they should reinforce trade, buying into, investment and other areas, a total of development, hand in hand to deal with the influence of economic crisis.
China is the world’s largest developing country, the Arab countries are also developing a unique plate. Strong impact in this, involving a wide range of international financial crisis, both economic and social development at a crucial stage.
Attended from 21 to 22, held in Hangzhou, the General Assembly the Secretary-General of the Arab economic integration Gyawali Ahmed said, “the international financial crisis has brought us new challenges, the General Assembly to convene in China and Arab countries provided a good opportunity to alleviate the financial crisis to discuss the impact of the crisis go 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 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 diagrams, on the one hand, that the Arab market has many capability for Chinese financial gatherings is very attractive. On the other hand, the Arab market demand of China’s large reporting, both the need for high-end yield, but in addition the necessities of life, Chinese yield in the Arab nations to extend the capability 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 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 some Arab nations have noted bilateral monetary, trade and practical support accords, financial endeavour security and avoidance of two times taxation agreements.
To create better conditions for bilateral trade, China CCPIT will also strengthen the work of collection of market information, with the Arab business community to strengthen the contacts and information exchange to enable effective and timely transmission of information to both sides of the business, to seek market opportunities for their Project Butt, business opportunities.
In addition, because the Arab relatively undiversified economic structure, weak capacity, limited the types of export products, the Chinese side also expressed its willingness to trade with the Arab States of the organizations for them to upgrade their products, to expand the types of varieties to find buyers in China provide the necessary services and training.
