30 April 2009

China and Arab nations simultaneously to deal with economic urgent position

derivative work, center piece by NatImage via Wikipedia

by Zou himfr

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 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 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 prevailing worldwide fiscal critical purpose is a greatest task." CCPIT Yu Ping, vice head said that in the critical purpose on the monetary consequence of very large entities, the China-Arab of the two boundaries should fortify acquaintances and dialogues to farther open up more trade yield, the regular trade convenience for more evaluates to tempo up the development of goods 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 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 numbers, on the one hand, that the Arab market has large promise for Chinese businesses is very attractive. On the other hand, the Arab market demand of China's broad treatment, both the need for high-end goods, but furthermore the necessities of life, Chinese goods in the Arab nations to elaborate the promise 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 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 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.

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