Gulf-Asian countries enjoy historical, oil-exports centric ties

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By Nayla Barakat 


MANAMA, 22 November,  2018 (BNA): The Gulf States and the Asian countries enjoy cordial ties which spanned over many decades and always seen as oil exports centric.


This was stated by Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, told Sky News Arabia Plenary Session of The IISS Manama Dialogue 2019, 15th Security Summit titled “The New Geo-Economics of the Middle East.”

 

“The trade ties between Gulf States and Asian countries have been historical based on their oil exports from the region and we import manufactured goods from them,” he said, adding that the changing dynamics of the global economy and developments in the GCC likely to shift the focus of the relations between the two sides.

 

“The GCC countries in general and the region particular, are investing to diversify their economies and the focus remains on creating new opportunities and to enhance global trade,” Shaikh Salman said, adding that the if we take the sheer trade volume of growth in GCC in consideration that allow those countries to further expand their commercial relations with Asia and other regions and blocs.

 

The 15th Security Summit Manama Dialogue is being held under the patronage of HRH Prince Salman bin Hamad bin Isa Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, Kingdom of Bahrain from 22 to 24th November, 2019 at Ritz Carlton Hotel, and Spa.

 

 

“When we talk about actions of some countries’ which does not in line with the take into the consideration the international customs, that affects trades and security. What threatens the stability of the region will threaten the stability of the world,” he added.

 

The other panelists include Maeda Tadashi, Governor, Japan Bank for International Cooperation, Japan, Professor XIANG, Lanxin Director, Centre of One Belt and One Road Studies, China National Institute for SCO International Exchange and Judicial Cooperation, China and Alia Moubayed, Managing Director, Jefferies Investment Bank, Lebanon.

 

“China and Middle East relations are very strong and at an important juncture from the geo-economics point of view,” Professor XIANG, Lanxin Director, Centre of One Belt and One Road Studies, China National Institute for SCO International Exchange and Judicial Cooperation, China, said.


“China has always stood by its no interference policy and the advantage of this is that we don’t have a single enemy in the region,” he said, adding that Sino-Iran enjoys historical relations with Iran which he said was classified according to them in the East Asia and China has nothing to do in the region, because this this entirely related to US- Iran relations,” in his blunt remarks he said.


“Our view is that America’s withdrawal from the JCOPA is a big mistake and Iran has had the upper hand in escalations and even managing it better than the America,” he explained.