Sino-Arab trade to reach $300b by 2014Finance Minister and the Minister in Charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa said that the volume of mutual trade would touch $300 billion by 2014, showing the growing potential between the two blocs.
Shaikh Ahmed addressing the Chinese-Arab Economic and Trade Forum said it reflects the keen desire of both sides to bolster bilateral cooperation in the financial, economic and trade fields, and explore areas of joint investments in order to achieve better results and improve bilateral ties.
The Minister said that the forum is a good opportunity to enhance Arab-Chinese rapprochement and exchange opinion regarding global economic issues and the two sides’ successful economic development experiences.
He also called for the need to focus on the main goals outlined in the forum’s executive plan (2012-2013) and exert more efforts in order to increase the volume of Arab-Chinese trade exchange from $200 billion to $300 billion by 2014, indicating that the goal is achievable through more joint investments, continuous dialogue between the two sides’ chambers of commerce and industry and businessmen and intensification of joint functions and promotional and trade exhibitions.
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