trade barriers hamper china ties with central asia
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trade barriers hamper China ties with Central Asia

Arab Today, arab today

Arab Today, arab today Trade barriers hamper China ties with Central Asia

Xian - XINHUA

As China and Central Asian countries contemplate a Silk Road economic belt, a trade group urged solving trade disputes and unbalanced investment between the two sides. Zhang Wei, vice president of the China Council for the Promotion of International Trade, said Friday that the organization has been working on such problems since Chinese President Xi Jinping proposed the belt and greater regional cooperation last year. Zhang urges removal of trade barriers that "constantly occur" in customs clearing, technical standards and service trade. A lack of uniform standards in inspection and quarantine, transportation, and an inefficient visa system have also hindered trade and investment flows, Zhang said. Zhang made the remarks at the 18th Investment and Trade Forum for Cooperation between East and West China and the Silk Road International Expo, which opened on Friday in Xi'an, capital of northwest China's Shaanxi Province. China is now the largest trading partner of Kazakhstan and Turkmenistan and the second largest of Uzbekistan and Kyrgyzstan, but Zhang said the trade is unbalanced and needs upgrading. China mainly imports fuel and ores from Central Asian countries, while exporting labor-intensive products like textiles and light industrial products. China's investment in the region also focuses on mining and construction, but neglects the manufacturing sector. Zhang suggested the two sides raise proportions of hi-tech, high value-added products and self-owned brands in their trade. They should also enhance collaboration in non-resource investment, he added. China and Central Asian countries are on the historical Silk Road that extended across Asia and connected China to Europe.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trade barriers hamper china ties with central asia trade barriers hamper china ties with central asia

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trade barriers hamper china ties with central asia trade barriers hamper china ties with central asia

 



GMT 09:51 2017 Sunday ,19 February

Belgium train derailment: One dead and many injured

GMT 23:10 2018 Sunday ,21 January

Air Arabia adds Izmir to Turkey network

GMT 12:42 2016 Wednesday ,10 August

Champs Leicester face renewed challenge

GMT 02:03 2018 Wednesday ,24 January

Masdar, DoT sign MoU

GMT 03:38 2017 Thursday ,28 December

says refs missed three late Durant fouls, one by LeBron

GMT 11:18 2017 Wednesday ,15 February

Reveals plan to get out of financial crisis

GMT 02:13 2017 Wednesday ,04 January

Aerial Attacks Kill 13 Daesh Militants in Iraq

GMT 01:39 2017 Wednesday ,11 January

Mauritanian President Partially Reshuffles Cabinet
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday