China and Arab nations concurrently to deal with fiscal critical purpose
In rank to “meet the contest, mutual gain and win-win” as the subject of “Sino-Arab Cooperation Forum and Investment Symposium Entrepreneurs”, China and Arab nations have showed that they should fortify trade, financial endeavour, money and other paddocks, a total of development, hand in hand to deal with the consequence of fiscal 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 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 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 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 show 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 average annual growth 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 fiscal critical purpose is not just a obstacle of which nation to work and demand the connection efforts of all, we expect that the Arab nations as a total, from a strategic purpose of scenery with China to fortify monetary, trade, financial endeavour and social support in assorted fields. “This is discovered from the assembly of Arab representatives, 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 conceive better situation for bilateral trade, China CCPIT will furthermore reinforce the work of assemblage of market data, with the Arab enterprise community to reinforce the associates and data exchange to endow productive and timely transmission of data to both edges of the enterprise, to search market possibilities for their Project Butt, enterprise opportunities.
In supplement, because the Arab somewhat undiversified financial structure, feeble capability, restricted the kinds of trade items goods, the Chinese edge furthermore conveyed its enthusiasm to trade with the Arab States of the associations for them to improvement their goods, to elaborate the kinds of diversity to find purchasers in China supply the essential services and training.
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