Skip to main content

China, Oman agree to enhance cooperation, push forward China-GCC free trade talks

Abstract : Visiting Chinese State Councilor and Foreign Minister Wang Yi on Monday held a meeting with his Omani counterpart Sayyid Badr Hamad al-Busaidi, during which both sides agreed to enhance bilateral cooperation and push forward the free trade zone talks between China and the Gulf Cooperation Council.

Visiting Chinese State Councilor and Foreign Minister Wang Yi (L) meets with his Omani counterpart Sayyid Badr Hamad al-Busaidi in Muscat, Oman, March 29, 2021. (Photo by Khaled Orabi/Xinhua)

MUSCAT, March 29 (Xinhua) — Visiting Chinese State Councilor and Foreign Minister Wang Yi on Monday held a meeting with his Omani counterpart Sayyid Badr Hamad al-Busaidi, during which both sides agreed to enhance bilateral cooperation and push forward the free trade zone talks between China and the Gulf Cooperation Council (GCC).

With a long history dating back to the Silk Road, the ties between China and Oman have exemplified the China-Arab relations and the friendly exchanges between the two great civilizations, Wang said, expressing gratitude to Oman for its strong adherence to the one-China policy and support on the issues concerning China’s core interests.

He said China supports Oman in safeguarding its national security and stability and independently exploring a development path in line with its own national conditions.

China is willing to be Oman’s most trustworthy friend to jointly seek greater development of the China-Oman strategic partnership in the new era, and build a community with a shared future for mankind, the Chinese diplomat said.

China aims to deepen the synergy between the China-proposed Belt and Road Initiative and Oman’s 2040 Vision, and boost the China-Oman cooperation in the fields including energy, investment, fishery, high and new technologies, and human resources, so to complement each other’s advantages and realize joint development, Wang said.

The Chinese foreign minister called for joint efforts to implement the Initiative on China-Arab Data Security Cooperation to help raise the voice of developing countries in formulating the rules governing the global digital economy.

China and Oman also need to cement their cooperation in sports and tourism so as to consolidate the friendship between the two peoples, Wang said.

He also expressed China’s willingness to join hands with Oman and other GCC member states to create a China-GCC free trade zone as soon as possible.

Referring to the Middle East situation, Wang said the regional issues shall be solved through peaceful negotiations among the related states and their peoples because “the Middle East belongs to its peoples.”

This region has long suffered from excessive interference by big powers and their geopolitical competition for years, the Chinese diplomat noted, stressing that China hopes Middle East countries would adhere to independence and self-reliance and explore a development path in line with regional conditions, so as to jointly preserve peace and stability in the region.

As a good friend and partner with the countries in the Middle East including the Gulf states, China will continue to stand unwaveringly with them and support their efforts to achieve lasting peace, stability and prosperity, Wang vowed.

He expressed the confidence that Oman, with its consistent, moderate and inclusive foreign policy, will play a unique role in seeking peace in the Middle East.

For his part, Sayyid Badr lauded the great strides made in the Oman-China relationship in the past 40 years since the establishment of bilateral diplomatic ties.

He said that Oman has been firmly sticking to the one-China policy and expects to strengthen the bilateral cooperation with China in various fields for mutual benefits.

Appreciating China’s support for Oman in fighting the COVID-19, the Omani diplomat expected to strengthen the vaccine cooperation with China, with an aim to boost the regional and global fight against the pandemic.

Oman highly lauds the Belt and Road Initiative and is keen to be a genuine partner in advancing this initiative, he said, noting Oman opens all its sectors to China and welcomes Chinese investment in tourism, energy, renewable energy, mining, science and technology, information technology, and human resources.

Calling China an important force in safeguarding global balance and stability, the Omani minister applauded China’s just stance on regional hot-spot issues including the Palestinian issue, China’s constructive role in maintaining Middle East security, China’s positive contribution to preserving international laws, norms and order.

Sayyid Badr also said that Oman supports the establishment of the China-GCC free trade zone at an early date, adding that Oman will further its communication and collaboration with China in order to make joint contribution to regional and global peace and prosperity.

The two ministers agreed to sign a visa-free deal, and witnessed the signing of several documents on cooperation in the areas of culture, media and health. They also attended the ceremony of unveiling the plaque of a memorial monument of Chinese navigator Zheng He. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China, Oman agree to enhance cooperation, push forward China-GCC free trade talks

Comments

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...