 with the six-member Gulf Cooperation Council (GCC). This article delves into the history, key developments, and multifaceted cooperation between China and GCC nations, including areas like energy, military, tourism, and technology. Uncover how this relationship signifies China's growing influence on the global stage.){kind=link}
I. Introduction
China’s ambitions for an early completion of talks on a free trade agreement (FTA) with the six-member Gulf Cooperation Council (GCC) come at a time of rapidly expanding ties and economic cooperation. These developments, underscored by frequent official exchanges, reflect China’s growing influence in the Gulf region and its desire to solidify partnerships with key players like the United Arab Emirates (UAE) and Saudi Arabia.
II. Background: The China-GCC Relationship
A. Historical Context
Talks on the China-GCC FTA were initiated as far back as 2004. The journey towards this landmark agreement has been filled with strategic planning and continuous dialogue. After the first-ever China-GCC Summit in December 2022, relations with GCC members, including the UAE and Saudi Arabia, saw a swift expansion.
B. Areas of Cooperation
Bilateral cooperation isn’t limited to trade but spans various sectors, such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, healthcare, and even military.
III. Strengthening of China-GCC Relations
A. China’s Foreign Policy Agenda
Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and minister of foreign affairs, emphasized the necessity of early conclusion of the China-GCC FTA. He also advocated for greater development in China-Arab and China-GCC relations during a phone call with UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
B. Support for UAE’s Climate Initiatives
China has pledged support for the UAE in hosting the 28th Conference of the Parties to the UN Framework Convention on Climate Change. Wang reiterated China’s readiness to strengthen strategic coordination with the UAE on the international stage and stand against unilateralism and bullying.
C. Economic Partnerships
- China-UAE Economic Growth: Bilateral cooperation has seen significant growth in sectors such as nuclear energy and liquefied natural gas (LNG). In May, three agreements were signed between the UAE’s Emirates Nuclear Energy Corporation and Chinese nuclear energy organizations. Also, China completed its first-ever yuan-settled LNG trade on LNG imported from the UAE.
- Military Collaboration: The air forces of China and the UAE announced a joint training exercise in Northwest China’s Xinjiang Uygur Autonomous Region, showcasing growing military cooperation.
- China-Saudi Arabia Expanding Relations: The 10th Arab-China Business Conference in Saudi Arabia was marked by dozens of collaboration agreements. Saudi Energy Minister Prince Abdulaziz bin Salman praised the collaboration with China and dismissed US criticism.
- New Direct Flights & ETF Talks: The launch of a direct flight between Jeddah and Beijing, and talks between China and Saudi Arabia’s stock exchanges to allow exchange-traded funds (ETFs) on each other’s bourses, signify growing bilateral cooperation.
IV. Looking Ahead: The Sixth China-Arab States Expo
In a further affirmation of cooperation, the sixth China-Arab States Expo will be held in Yinchuan, capital of Northwest China’s Ningxia Hui Autonomous Region from September 21-24. This event will surely foster more opportunities for collaboration.
V. Conclusion
China’s determination to wrap up the FTA with the GCC is emblematic of a broader strategy to deepen engagement and collaboration with Arab states. This relationship is multifaceted, covering not just trade but also various sectors that are crucial to both regions’ future growth and stability.
In an increasingly interconnected global environment, China’s partnerships with GCC countries underscore its role as a key player in the international stage. The comprehensive nature of these relationships reflects a nuanced and strategic approach to international diplomacy and economic collaboration, one that acknowledges the realities of the 21st century and embraces a vision for a more harmonious and prosperous future.
As the dynamics of global politics continue to evolve, these partnerships not only serve China’s interests but also contribute to a more balanced and interconnected global economy. The outcome of the China-GCC FTA will undoubtedly be watched with keen interest by other nations, as it is set to become a symbol of a new era of collaboration and trust between China and the Arab world.
Read More: