Thursday, April 30, 2009

China and Arab nations simultaneously to deal with economic urgent position

By Zou himfr

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 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 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 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 augmentation, because the Arab quite undiversified monetary structure, frail scope for, constricted the sorts of trade overseas yield, the Chinese boundary in addition articulated its eagerness to trade with the Arab States of the administration for them to redevelopment their yield, to extend the sorts of kinds to find shoppers in China give the needed services and training.

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