BEIJING, July 10 -- The establishment of a "future-oriented strategic partnership of comprehensive cooperation and common development" between China and Arab states was a landmark moment which heralds a new historic chapter for the relationship between the two sides, said Chinese State Councilor and Foreign Minister Wang Yi here on Tuesday.
Wang made the remarks when chairing the eighth ministerial conference of the China-Arab States Cooperation Forum (CASCF).
He said, to date, China has established strategic partnerships or comprehensive strategic partnerships with 11 Arab states. China is wiling to elevate ties with more Arab states and support the Arab League (AL) in its capacity building.
Meanwhile, China and the Arab states have increasingly extended their scale of pragmatic cooperation under the Belt and Road Initiative. China is the second largest trading partner of the Arab world, with a direct investment stock of 15 billion U.S. dollars.
China is stepping up its efforts to further open up and the Arabic countries are accelerating industrialization and economic diversification.
The two processes echo one another perfectly, Wang said.
Having started work on industrial parks in Egypt, United Arab Emirates, Saudi Arabia and Oman, China plans to connect the construction and management of the industrial parks with Abu Dhabi's Khalifa Port, the port of Djibouti, and the Port Said in Egypt, said Wang.
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