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Arab states, China trade to reach $300b, says Lubna
YINCHUAN — Trade between Arab states and China will witness major leap in the coming years as a result of the increasing economic, investment and commercial cooperation between the two sides, predicted UAE Minister of Foreign Trade Shaikha Lubna bint Khalid Al Qasimi.
“We are confident of our ability to achieve our common aspirations for increasing the volume of trade exchange to reach $300 billion during the next two years”, she said addressing the third China-Arab States Economic and Trade Forum, that opened on Wednesday in the capital of Ningxia province, Yinchuan.
The UAE has been selected as the guest country of honour in the event and Lubna heads the official UAE delegation to the forum. The bilateral trade relations between Arab countries and China has made a quantum leap during the past few years, offering opportunities to further promote joint investment and economic cooperation. The Arab world now ranks seventh in the list of major trading partners of China, Lubna noted.
At the forum, a national pavilion of UAE has also been set up.— Wam
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