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China, Saudi Arabia - Efforts for better economic cooperation

Global Arab Network - - George Haddad

Wednesday, 12 May 2010 21:53

Saudi_Foreign_Minister_Prince_Saud_bin_Al-Faisal_China

Chinese Premier Wen Jiabao called for concerted efforts with Saudi Arabia to achieve more in bilateral economic and trade cooperation, official news agency Xinhua reported from Beijing. "China and Saudi Arabia enjoy great potential in economic and trade cooperation," Wen told Saudi Foreign Minister Prince Saud bin Al-Faisal, according to Xinhua.

Saudi Arabia is now China's largest trading partner in West Asia and North Africa. "China has noted Saudi Arabia's influence in Middle East and Arab world," Wen said, adding China hopes to increase its strategic communication and coordination with the kingdom to safeguard regional and world peace and stability.

For his part, Al-Faisal said the two nations enjoy many common ideas in international relations. "Saudi Arabia hopes to develop relations with China, and will work with China to maintain high level visits, expand cooperation in energy and investment, and increase coordination in international and regional affairs," he said. China, the world's second-biggest energy consumer, is now one of the top three markets for Saudi oil exports.

Al-Faisal is in China to attend the fourth Ministerial Meeting of the China-Arab Cooperation Forum. Foreign ministers and officials from China and 22 Arab states will attend the two-day meeting from Thursday to Friday in north China's port city of Tianjin.(Agencies)

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Last Updated on Thursday, 13 May 2010 13:33

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