China-Arab trade to reach $300 bn by 2014: UAE minister

September 12th, 2012 - 11:26 pm ICT by IANS  

Beijing, Sep 12 (IANS/WAM) Trade between Arab nations and China will witness a major leap in the future and hit the $300 billion mark by 2014, a visiting UAE minister said.

“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,” Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi said.

She was addressing the 3rd China-Arab States Economic and Trade Forum that opened Wednesday in Yinchuan, the capital of Ningxia province.

The bilateral trade relations between Arab countries and China has made a quantum leap during the past few years, offering promising opportunities to further promote joint investment and economic cooperation, she said.

The Arab world now ranks seventh in the list of major trading partners of China, the minister noted.

–IANS/WAM
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