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Friday, May 15, 2009

China and Arab countries together to deal with financial crisis

By Zou himfr

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 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 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 monetary family should be diversified, with the omission of the vitality subdivision should fortify support in trade, financial endeavour, tourism, technical knowledge, society, training, support, China's deals from Arab nations should in addition be the wares from the vitality, minerals, raw elements, for instance expansion into other environs, for instance doctors, sustenance, olive oil, vegetables, fruits and other wares, 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 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. - 18418

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