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China Arab High Quality Cooperation Seminar Held in Beijing
Seetao 2022-12-04 10:54
  • China and Argentina further expand investment in emerging areas and promote infrastructure cooperation
  • At present, Arab countries are accelerating economic diversification and industrial transformation and upgrading, and there are a lot of cooperation opportunities in transportation, electricity, new energy and other fields
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On December 2, 2022, the "Review and Outlook of China Arab Economic and Trade Cooperation 2022" conference and future oriented China Arab high-quality cooperation seminar "hosted by the Research Institute of International Trade and Economic Cooperation of the Ministry of Commerce (hereinafter referred to as the Research Institute of the Ministry of Commerce) was held in the form of online video conference.

Yu Zirong, Vice President of the Research Institute of the Ministry of Commerce, attended the meeting and delivered a welcoming speech. Yu Zirong said that economic and trade cooperation is the ballast of China Arab cooperation. Since the establishment of the China Arab Cooperation Forum in 2004, especially since the the Belt and Road Initiative was put forward, China Arab economic and trade cooperation has developed in an all-round way and achieved remarkable results. China Arab economic and trade cooperation has broad prospects for development. Both sides should vigorously promote the negotiations on the China GCC Free Trade Area, further optimize the trade structure, expand investment in emerging areas, and promote the transformation and upgrading of infrastructure cooperation.

At the meeting, the Review and Outlook on Economic and Trade Cooperation between China and Arab Countries 2022, organized and prepared by the Research Institute of the Ministry of Commerce, was officially released. The report comprehensively reviewed the achievements of cooperation between China and Arab countries in trade in goods, service trade, investment, infrastructure construction, development cooperation, finance, people to people and cultural exchanges and other economic and trade related fields in recent years, and looked forward to the future trend of cooperation. The series of reports Review and Prospect of Economic and Trade Cooperation between China and Arab Countries will be released every two years to continuously track and study the achievements of China Arab economic and trade cooperation.

Li Lianhe, Ambassador of the Department of West Asia and North Africa of the Ministry of Foreign Affairs of China, Zhao Liuqing, Second level Inspector of the Department of West Asia and Africa of the Ministry of Commerce, Ali Zahiri, Ambassador of the United Arab Emirates to China, and Ahmed Zaki, Commercial Minister of the Egyptian Embassy in China, addressed the seminar. The Chinese and foreign guests said that the Arab countries and China are constantly improving high-quality cooperation in traditional and emerging fields, and are promoting the bilateral economic and commercial partnership to develop in a deeper and more diversified direction.

In his speech, Deputy Secretary General Su Jianguo introduced the current characteristics and development trends of China Arab infrastructure cooperation, and put forward relevant suggestions to further promote China Arab high-quality cooperation. He pointed out that the good political relations and huge economic complementarities between China and Arab countries have laid a solid foundation for cooperation between the two sides. At present, Arab countries are accelerating economic diversification and industrial transformation and upgrading, and there are a lot of cooperation opportunities in transportation, power, industry, digital economy, new energy and other fields. Chinese enterprises can give full play to their comparative advantages, actively benchmark international leading enterprises, strengthen localized operation and management, deeply tap market opportunities, and comprehensively help Arab countries improve their infrastructure. To this end, it is recommended that the competent government departments of China and Argentina deepen policy communication and planning docking, financial institutions and industry organizations cooperate closely, market players actively explore innovative business models, deepen third-party market cooperation, and actively fulfill corporate social responsibility. As an industry organization, the Contractors' Association is willing to actively play its role as a platform and bridge to promote the transformation and upgrading of China Arab infrastructure cooperation.

Wu Sike, China's former Special Envoy for the Middle East, and guests from industry, academia and research, including Ningxia University, the Academy of Social Sciences, the Secretariat of the China Arab States Expo, the China Chamber of Commerce for Foreign Contracting Projects, the China Petroleum Economic and Technological Research Institute and ZTE Communications, focus on evaluating and looking forward to China Arab economic and trade relations and further promoting high-quality cooperation between China and Arab countries, from the joint construction of the the Belt and Road, changes in the geopolitical situation in the Middle East, the construction of the China Arab Expo Infrastructure cooperation, energy development cooperation and governance, digital transformation cooperation and other aspects made speeches and discussions, and put forward suggestions for China and Arab countries to jointly address challenges and seize opportunities under the current international situation.Edit/Ma Xue

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