Arab countries plan to increase trade with China to more than 400 billion dollars.
The official spokesman of the Secretary General of the Arab League announced the intention of the Arab countries to increase trade exchanges with China to more than 400 billion dollars.
Jamal Rushdi, the official spokesman of the Secretary General of the Arab League, considered the recent Arab-Chinese meeting in Riyadh to be a leap in the history of the relations between the Arab and Chinese sides, arising from common interests and the roots of authentic cooperation.
According to the Saudi newspaper “Akaz”, he added on the sidelines of the meeting of the foreign ministers of the Arab countries that are members of the Arab League: the most important achievement of this meeting is the further development of the relations between the Arab countries and China and the movement towards building an Arab-Chinese society with a common destiny in the era. It was new.
Rushdi further explained: Previously, the amount of trade between the Arab countries and China was 36 billion dollars, and this was not desirable for both sides, now, in a gradual process, it has reached 330 billion dollars.
The official spokesman of the Secretary General of the Arab League added: China’s economy has many possibilities and capabilities and enjoys high prestige in the international community. which enables it to move forward in the process of reform and development. Therefore, there are plans to increase trade between Arab countries and China to more than 400 billion dollars.
He emphasized that China is an important pole and the recent Arab-Chinese meeting held in Riyadh is a turning point for the development of relations in all fields. These relations are not against any other party, but arise from mutual interests and focus on issues that are important not only to both parties, but to the whole world.
According to Fars report, the Persian Gulf is a region that has always had a special place and importance in world politics due to various political, economic and strategic reasons. With more than 60% of the world’s oil reserves and about 40% of the world’s gas reserves, this region has a special place in the foreign policy of major world powers as the economic heartland. One of the countries that has paid special attention to the Persian Gulf in recent years is the People’s Republic of China. It can be said that China has an increasing need for Persian Gulf oil to continue its economic growth as the most important legitimizing tool of the Communist Party.
