(MENAFN- Qatar News Agency) Ijing june 03 (qna) - china and arab nations will unveil a series of plans to upgrade relations at an upcoming ministerial meeting according to chinese foreign minister wang yi.
at the sixth ministerial conference of the china-arab cooperation forum on thursday the two sides will adopt a declaration an action plan for 2014-2016 and a development plan for 2014-2024 wang said in a bylined article published by (xinhua).
"china wants to reinforce cooperation with arab states in both traditional sectors like energy trade and infrastructure and emerging sectors like nuclear energy space and new energy with a view to sharing development benefits and promoting common prosperity" he said.
he said arab states located at the western end of the economic belt along the silk road and the 21st-century maritime silk road are "natural and important cooperation partners for china" in creating the belt and the maritime silk road.
"the two sides need to plan for the growth of their relations in the next 10 years around the priority of building the economic belt and the maritime silk road" he said.
the foreign minister called on the two sides to give mutual support on issues concerning each other's core and major interests step up coordination and collaboration in regional and international affairs and turn the balance of power in favor of developing countries.
he also expressed the will to intensify the people-to-people exchanges.
the foreign minister revealed that during the past decade china's imports of crude oil from arab states rose from 40.6 million tons to 133 million tons. the value of new engineering contracts signed by chinese businesses in arab states increased from 2.6 billion u.s. dollars every year to 29.1 billion u.s. dollars.
the annual increase in non-financial direct investment by chinese businesses in arab states also grew from 17.2 million u.s. dollars to 2.04 billion u.s. dollars. (qna)
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