Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Sino-Arab forum boosts ties  Join our daily free Newsletter

MENAFN - Arab News - 05/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) China is the arab region's second largest trading partner asserted chinese foreign minister wang yi during an exclusive interview with arab news ahead of the china-arab states cooperation forum (cascf) in beijing today.

the 6th ministerial meeting of the cascf will bring delegates from arab states and the arab league with their chinese counterparts to discuss further cooperation in economic political cultural and educational fields. the meeting also marks the 10th anniversary since the launch of the sino-arab forum in 2004.

'the meeting is a significant diplomatic move initiated by the chinese government toward the arab region and aims to build upon past achievements to shape the future" yi said.

the minister underlined the fruitful cooperation witnessed over the past decade between china and arab states noting that over 20 universities in china now offer arabic language programs. he added that in return 11 confucius institutes and one cri confucius classroom have been established in eight arab countries.

he also highlighted that over 10000 students from across the arab world are studying in china while eight arab states have become leading tourist destinations for chinese citizens. as a result 145 weekly flights operate between china and arab states with over 830000 mutual visits made every year.

the minister said that over the past decade china trained 15676 arab personnel from various professions sent 5338 medical personnel to nine arab states and provided strong intellectual support for the development of various projects to the region. yi said that given these observations it would be safe to proclaim that the two sides enjoy strong fraternal ties.

'the two sides have always treated each other with sincerity trust and stayed the course of strategic cooperation. the two sides have also always ursued pragmatic efficient and mutually beneficial cooperation and sought common development by sharing opportunities. in addition the two counterparts have promoted an approach of openness inclusiveness and sought common grounds which has brought their citizens closer to one another" the minister observed.



'china has supported arab states in independently exploring development paths compatible with their national conditions and in restoring the legitimate rights of their nations including palestine's right to an independent state" he said adding: 'likewise arab states extended invaluable support to china on issues concerning china's major interests and core concerns and provided generous assistance to china in time of disasters such as the wenchuan earthquake."

he added: 'during the past ten years the council of foreign ministers of the arab league (cfmal) adopted resolutions on strengthening sino-arab friendly relations in various fields. cooperation with china has become a consensus among arab states."

on the economic front yi said the past decade has witnessed major trade and economic cooperation as trade between both sides surged from 25.5 billion to 238.9 billion with the average annual growth rate exceeding 25 percent.

he said china's import of crude oil from arab states rose from 40.58 million tons to 133 million tons growing by over 12 percent every year on average. the value of new engineering contracts signed by chinese businesses in arab states grew from 2.6 billion every year to 29.1 billion registering an annual growth rate of around 27 percent.

the arab world is also china's primary partner in energy and a major market for engineering contracts and overseas investment he noted. in recent years sino-arab cooperation in emerging sectors including finance space and new energy has also thrived and shown good momentum.


 


Arab News




  MENA News Headlines
 Jul 25 2016 - Saudi's PetroRabigh net profit falls 80 pct in Q2MENAFN
(MENAFN) Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) said it has experienced a 79.6 percent drop in net profit during the second quarter.The company, a joint venture between ...

 Jul 25 2016 - Abu Dhabi hosts strategic investments meetingMENAFN
(MENAFN) Pooling knowledge and resources from within the oil and gas industry is vital to energy sector progress, said senior officials and world representatives at a recent gathering in Abu Dhabi.In ...

 Jul 25 2016 - 390m revenues of Vodafone Egypt in Q4 of FY 2015/2016Daily News Egypt
(MENAFN - Daily News Egypt) Vodafone Egypt achieved an 11.2% growth in its revenues during the fourth quarter (Q4) of fiscal year (FY) 2015/2016 which ended in March. According to the data from the ...

 Jul 25 2016 - Knesset members to visit Saudi, recognised relations with Israel come to the lightDaily News Egypt
(MENAFN - Daily News Egypt) Arab-Israeli member of the Knesset Issawi Frej told Israeli state media on Sunday that preparations are ongoing for a visit of opposition members in the Israeli parliament ...

 Jul 25 2016 - Environment minister meets with African counterparts to prepare for COP22Daily News Egypt
(MENAFN - Daily News Egypt) Minister of Environment Khaled Fahmy held a meeting with his counterparts from Gabon, Niger, and Namibia on Sunday in Cairo, in his capacity as the president of the ...

 Jul 25 2016 - Has the public's initial post-Brexit denial passed?Daily News Egypt
(MENAFN - Daily News Egypt) Britain's decision to leave the EU fueled a rise in xenophobia and fears about the future. A month after the bombshell, DW talks to remain voters and EU nationals in the ...

 Jul 25 2016 - Internet market attracts 200,000 new customers in April 2016Daily News Egypt
(MENAFN - Daily News Egypt) A report by the Ministry of Communications and Information Technology has shown a slight decline of 0.12% in the number of mobile service subscribers in April, compared to ...

 Jul 25 2016 - Unified sermon is in the best interest of society: Ministry of Religious EndowmentsDaily News Egypt
(MENAFN - Daily News Egypt) The decision to unify Friday prayers by giving preachers written sermons is in the best interests of society, Minister of Religious Endowments Mohamed Mokhtar Gomaa said ...

 Jul 25 2016 - DPI acquires 33.3% of B.TECH, worth $35mDaily News Egypt
(MENAFN - Daily News Egypt) The Financial Times reported on Sunday that private equity firm DPI will acquire 33.3% of household appliances retailer B.TECHa deal worth $35m. According to a previous ...

 Jul 25 2016 - Egyptian renewable energy disinvestment over price and arbitration disagreementsDaily News Egypt
(MENAFN - Daily News Egypt) Italy's Enel Green Power has exited the renewable energy market in Egypt and is seeking compensation for investments it has already injected, according to Al-Borsa ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help