What are the highlights of the 6th China Arab Expo worth looking forward to

2023-08-01

The 6th China Arab Countries Expo will be held from September 21st to 24th in Yinchuan, Ningxia. The theme of this Expo is "Joining hands in the new era to seize new opportunities and share a new future". The Ministry of Commerce held a special press conference on July 31st to introduce the relevant situation. "Since the first session in 2013, the China Arab Expo has been held every two years, which has become an important platform for both sides to deepen practical cooperation and promote the high-quality development of the the Belt and Road." Li Fei, vice minister of the Ministry of Commerce, said that over the past decade, the China Arab Expo has attracted 112 countries and regions, more than 6000 Chinese and foreign enterprises, and more than 400000 businessmen, and has signed more than 1200 cooperation projects involving modern agriculture, high-tech Energy, chemical engineering, biopharmaceutical and other fields. It is reported that the 6th China Arab Expo will be fully resumed offline with an exhibition area of 40000 square meters, divided into four major exhibition areas: professional exhibition area, foreign exhibition area, domestic exhibition area, and Ningxia exhibition area. The main characteristics are as follows: firstly, highlighting the theme. The Expo will focus on the implementation of the "eight common actions" of China Arab practical cooperation and the five key areas of China Arab cooperation. During the Expo, the "the Belt and Road" Trade and Investment Promotion Conference, China Arab Business Summit, etc. will be held. The second is to highlight professionalism. Taking into account the actual needs of Chinese and Arab enterprises, adhering to specialization, marketization, and internationalization orientation, we have established the Central Enterprise Exhibition, Smart Weather Exhibition, Equipment Manufacturing and Technology Exhibition for the first time on the basis of the existing emerging materials exhibition, brand goods exhibition, and medical and health care exhibition. The third is to highlight innovation. Hold high-quality development cooperation conferences for modern agriculture, technology transfer and innovation cooperation conferences, and online Silk Road conferences. Add characteristic industry trade and investment docking conferences, China Arab Youth Innovation and Development Forum, Digital Economy Forum, and Industrial APP Innovation Application Competition. Wang Li, Vice President of Ningxia, introduced that at present, government departments of 14 countries, including Saudi Arabia and the United Arab Emirates, 13 international and regional organizations and representatives of institutions in China, including the Secretariat of the League of Arab States, and more than 60 foreign trade associations and enterprises, including the Qatar Chamber of Commerce and Industry and Aramco, have confirmed their participation. The host country and theme province series of activities are important institutional activities of the China Arab Expo. The main events of this year's Saudi Arabia guest of honor include the China Saudi Arabia Trade and Investment Promotion Conference, the Saudi Arabian National Image Exhibition, and inspection and observation activities. The theme province of Guangdong Province will form a large economic and trade delegation to participate in the exhibition, and hold a series of activities such as the theme province image exhibition, characteristic product exhibition, and the "Guangdong Trade National" economic and trade investment promotion. The China Arab Expo has assisted and witnessed the strong resilience and vigorous vitality of China Arab economic and trade development. Li Fei introduced that China is the largest trading partner in the Arab region, and the trade volume between China and Arab countries has increased from 222.4 billion US dollars in 2012 to 431.4 billion US dollars in 2022, which has nearly doubled in ten years. Bilateral investment between China and Arab countries is growing rapidly. In 2022, China's new direct investment in Arab countries reached 2.62 billion US dollars, a year-on-year increase of 13.3%; Arab countries have added 1.05 billion US dollars in investment to China, a nearly 9-fold increase compared to the same period last year. In the first half of this year, the scale of bilateral trade between China and Afghanistan remained stable, reaching 1999 billion US dollars. Bilateral investment holding

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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