• Wed. Jun 19th, 2024

President Xi offers five cooperation frameworks for the Sino-Arab states ties to move forward


Jun 1, 2024
BEIJING, June 1st (ABP) – Chinese President Xi Jinping provided on Thursday, May 30, 2024, at the opening ceremony of the 10th Ministerial Conference on Sino-Arab states Cooperation Forum in Beijing, five cooperation frameworks that should be taken into account to step up the building of a China-Arab community with a shared future.
President Xi Jinping offers five cooperation frameworks for the China-Arab States relations to move forward
In the first position, President Xi put forth a more dynamic framework for innovation. To this end, he said China will build with the Arab side ten joint laboratories in such areas as life and health, Aritificial Intelligence (AI), green and low-carbon development, modern agriculture, and space and information technology. ” We will enhance cooperation on AI to make it empower the real economy and to promote a broad-based global governance system on AI “, he underscored, adding that China also stands ready to build with the Arab side a joint space debris observation center and a Beidou application, cooperation and development center, and step up cooperation in manned space mission and passenger aircraft.
The second is an expanded framework for investment and finance cooperation. Xi Jinping stressed that China is ready to establish with the Arab side an industry and investment cooperation forum, continue to expand the China-Arab states interbank association, and implement at a faster pace the cooperation projects that are financed by the special loans in support of industrialization in the Middle-East as well as by the credit line for China-Arab financial cooperation.
China supports closer cooperation between financial institutions from the two sides, welcomes Arab states to issue panda bonds in China, and welcomes Arab banks to join the Cross-border Interbank Payment System. China is also ready to deepen exchanges and cooperation on central bank digital currency with the Arab side, President Xi added.
Thirdly, President Xi put forward a more multifaceted framework for energy cooperation. He pointed out that China will further enhance strategic cooperation with the Arab side on oil and gas, and integrate supply security with market security. China is ready to work with the Arab side on new energy technology R&D (Research and Development) and equipment production, he disclosed, adding that China will support Chinese energy companies and financial institutions in participating in renewable energy projects in Arab states with total installed capacity of over 3 million kilowatts.
The president of the People’s Republic of China put forth a more balanced framework for mutually beneficial economic and trade ties as a fourth cooperation framework. He promised that China will continue to implement vigorously the development cooperation projects with a total worth of RMB3 billion yuan. It stands ready to accelerate the negotiations on bilateral and regional free trade agreements and advance the dialogue mechanism for e-commerce cooperation. It welcomes active participation of the Arab side in the China International Import Expo, and is willing to expand import of non-energy products from the Arab side, especially agricultural products, he continued to say.
The fifth cooperation framework put forward by President Xi is a broader framework for people-to-people exchanges. He stressed that China is ready to establish with the Arab side the China-Arab Center of Global Civilization Initiative, expand the size and influence of the China-Arab Research Center on Reform and Development, accelerate the establishment of such platforms as the think tank alliance, the youth development forum, the university alliance, and the research center on cultural and tourism cooperation. ” China will invite 200 leaders of Arab political parties to visit China every year. We plan to work with the Arab side to achieve the goal of 10 million two-way visits of tourists in the next five years “, he said.
Prior to the revelation of the new vision for the China-Arab states relations to move forward, President Xi Jinping recalled that at the first China-Arab States Summit, he put forward eight major cooperation initiatives for our practical cooperation, revealing that early harvests have been achieved in all the latter. ” Since then, the Belt and Road cooperation documents we signed have expanded to cover a full range of areas thanks to our joint efforts over the past one year and more. New progress has been made in scientific R&D and technology transfer. Trade and energy cooperation have scaled new heights. Small and beautiful livelihood projects are advancing in parallel with signature flagship projects. Cooperation in areas such as food security, green innovation and health is deepening and getting more substantial. Platforms for people-to-people exchanges and cooperation are functioning well “, he illustrated.
He further pointed out that China will work closely with the Arab side to make their relations a model for promoting good global governance. ” The entire humanity shares one common future, which has become an inevitable trend. But deficits in governance, trust, peace and development are getting wider. This calls on us to improve global governance under the principle of ” planning together, building together, and benefiting together “, he said, diclosing that China is ready to work with the Arab side to jointly champion an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, and set a model of South-South cooperation on global governance.
The president of the People’s Republic of China highlighted that building a China-Arab community with a shared future is a strong statement of their common desire for a new era of China-Arab relations and a better future for the world.
Group photo of the Chinese and Arab leaders
Note that Bahraini King Hamad bin Isa Al-Khalifa, Egyptian President Abdul Fatah Al-Sisi, Tunisian President Kais Saied, President Mohamed Bin Zayed Al-Nahyan of the United Arab Emirates (UAE) and
Secretary General Ahmed Aboul Gheit of the League of Arab States, and other Arab leaders including their delegations attended the opening ceremony of the 10th Ministerial Conference on Sino-Arab States Cooperation Forum.