On March 23rd, 2010, China 每 GCC business forum was successfully held in the capital of the kingdom of Bahrain 每 Manama. More than 400 participants of government officials and businessmen from China and the six GCC countries took part in the forum which is under the patronage of his royal highness Prince Khalifa Bin Salman al-Khalifa.
As the economy entity, the six GCC countries have become the 8th biggest trading partners, the 8th biggest export market, and the 9th biggest import entity of China. All the above figures can not be separated with the common efforts of the governments and business and industrial area from the two sides, which should be proud of and be celebrated. After the time of financial crisis, both of China and GCC countries launch huge stimulus package and infrastructure projects, which should be the crucial opportunity for the companies of both sides.
The GCC Council Secretary 每 general H.E. Abdul Rahman Al-Attiyah indicated that China is the very much import trading partner of GCC, and he hoped that the China-GCC Free Trade Agreement (FTA) could be reached as early as possible so that a better trade platform could be established between the industrial and business area from the two sides.
Yang Weiguo, Chinese ambassador to Bahrain said in the speech that the negotiation undertaken between China and GCC for the FTA had been put forward smoothly and the agreement will be reached soon.
H.E. Ahmed Rashed Al Haroun, Minister of Commerce & Industry for Kuwait, said in the speech that the Chinese economy has been developing smoothly and China has become the huge oil and petrochemical market of GCC countries which have stored 46% of the world oil. Kuwait highly appreciates China as its business partner with the hope that the two sides will further develop the cooperation potential under the background of economy complementary.
Besides, the forum also undertook sessions of ※Oil & Gas, Renewable Energy and Petrochemical field§, ※Financial and Investment field§, and ※Infrastructure and Urban Development§. Leaders of GCC and Chinese delegation delivered speeches and had actively communication.
At the end of the forum, businessmen from China and GCC countries made a warm business discussion.
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