|
Related stories:
China-Luxembourg trade surges 109
pct
China-Yemen trade volume hits US$3b China-Egypt trade grows 36 pct
BEIJING, Jan. 25 (Xinhuanet) -- Saudi Arabia has
become China's largest crude oil provider, largest trade partner and second
largest export market in the regions of west Asia and Africa, Chinese Minister
of Commerce Bo Xilai said here recently.
Bo made the remark at the third meeting of the
China-Saudi Arabia economic and trade committee.
In 1999, when the second meeting of China-Saudi
Arabia economic and trade committee was held, bilateral trade was below 2
billion U.S. dollars. By 2005, the figure had risen to 15 billion dollars, with
an annual average growth rate of 41 percent, the Chinese minister said.
In four or five years, the bilateral trade volume is
expected to reach 40 billion dollars, he added.
China is willing to enhance economic cooperation with
Saudi Arabia in areas of energy, mining, petrochemicals, investment,
infrastructure construction, science and technology and human resources, he
said.
The Chinese side will make concerted efforts with the
members of the Gulf Cooperation Council including Saudi Arabia to push for the
signing of a bilateral free-trade agreement as early as possible, he said.
The two countries should enhance coordination and
cooperation under the framework of the World Trade Organization, he said,
expressing the hope that Saudi Arabia will streamline visas issuance for Chinese
business people and workers.
Saudi Arabia thanks China for supporting its entry to
the World Trade Organization, said Minister of Finance Ibrahim Bin Abdel Aziz
Al-Assaf of Saudi Arabia.
He expressed his wish that the two countries would
enhance cooperation in energy, medical services, education and training as well
as finance. Enditem |