China strive to exceed 200 billion U.S. dollars of China and Arab countries’s trade within 3-5 years
Posted on Oct-09-2010· by china investor
Chinese officials in the “First China-Arab Economic Forum”, said China-Arab should increase trade, and strive to make the China-Arab trade volume reached or exceed 200 billion U.S. dollars within 3-5 years.
China does not pursue trade surplus, is willing to further promote China-Arab trade’s grade and level. On the one hand to improve China’s exports prduct’s quality and technology; the other hand, import more products of Arab countries, particularly non-resource products, made China-Arab’s trade structure more stable and reasonable.
The two sides should strive to develop Arab economic complementarity and strengthen two-way investor cooperation. China encourages competitive enterprises to invest in Arab countries, the construction of the project, engage in economic development zones, implementation of a comprehensive investment and cooperation, but also sincerely welcome the Arab companies to invest in China, China will continue to strictly abide by commitments of adding “WTO”, treated Arab enterprises in Chinese equally, make them enjoy national treatment, strengthening IPR protection.
China-Arab trade volume in 2009 reached 107.4 billion U.S. dollars, Arab trade volume reached 69.1 billion U.S. dollars during first six month of 2010, the Arab countries have become important trading partners of China.
Tags:
China-Arab trade, investment, investor
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