Connect with us

China

China and The Middle East: trade and mutual advantages

So China rejects Western efforts to impose sanctions to stop the Iranian nuclear program. Beijing is the largest buyer of Iranian petroleum, accounting for 20 percent of Iran’s exports, explains author Dilip Hiro. He reviews recent history of US attempts to impose sanctions on Iran even as Chinese firms were in the midst of negotiating multiyear oil and gas deals.

Avatar

Published

on

The advantage is mutual: The Middle East has great reserves of oil, and China’s foreign-policy based on non-interference in other countries’ internal affairs is popular with the region’s authoritarian regimes.

So China rejects Western efforts to impose sanctions to stop the Iranian nuclear program. Beijing is the largest buyer of Iranian petroleum, accounting for 20 percent of Iran’s exports, explains author Dilip Hiro. He reviews recent history of US attempts to impose sanctions on Iran even as Chinese firms were in the midst of negotiating multiyear oil and gas deals.

There is consensus among a network of Chinese think tanks, Hiro reports, that “Iran is a rising power in the Middle East, gaining influence at the expense of America.” So far, trade has trumped political concerns, as China makes deals with post-revolution Libya and even Iran’s longtime opponent Saudi Arabia. Still, China could be taking a gamble by counting on consistent foreign policies from the Middle East. – YaleGlobal

via China Courts The Middle East.

Comments

China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Avatar

Published

on

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

(more…)
Continue Reading

China

Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Olivier Languepin

Published

on

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

(more…)
Continue Reading

Business

Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Avatar

Published

on

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,605 other subscribers

Trending