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China-Arab States Cooperation Forum to boost ties, promote regional peace: experts

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China-Arab States Cooperation Forum to boost ties, promote regional peace: experts

2024-05-30 10:03 Last Updated At:10:57

The upcoming 10th ministerial conference of the China-Arab States Cooperation Forum presents an opportunity to further boost relations between China and the Arab world and to promote regional peace, according to experts from the both sides.

The forum, which is to be held in Beijing on Thursday, will study the specific measures to implement the consensuses reached by leaders, expand China-Arab cooperation in various fields and promote the building of a China-Arab community with a shared future, according to Vice Foreign Minister Deng Li at a press briefing held in Beijing on Monday.

The meeting plans to adopt a number of outcome documents to further build consensus between China and the Arab countries and plan the next stage of cooperation, according to Deng.

"The overarching context for this forum (conference) is the emergence of two major trends in recent years on the international stage: a trend towards turmoil, division, and sanctions, and a trend towards peaceful development. It is clear that both China and Arab countries are committed to economic development and regional peace. China and the Arab world share common aspirations, goals, and interests, both globally and in the Middle East," said Niu Xinchun, executive director of the China-Arab Research Institute at northwest China's Ningxia University.

This year marks the 20th anniversary of the establishment of the China-Arab States Cooperation Forum. Over the past two decades, the forum has established 19 crucial mechanisms, including ministerial meetings, strategic political dialogue, reform and development forums, and energy cooperation conferences. These platforms have facilitated the release of 85 significant outcome documents, setting a benchmark for collective cooperation among developing countries.

At the first China-Arab States Summit in 2022, the two sides agreed to build a China-Arab community with a shared future in the new era, and China-Arab relations entered a new era of comprehensive deepening development.

"Since its establishment, the China-Arab States Cooperation Forum has always focused on cooperation and thecommon interests between Arab states and China in the political, cultural and economic fields, helping the two sides strengthen the friendly relations that have existed for thousands of years," said Ahmed Mustafa Fahmy, head of the League of Arab States' China representative office.

Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and Chinese foreign minister, will co-chair the meeting with Mohamed Salem Ould Merzouk, Mauritania's minister of foreign affairs, cooperation and Mauritanians abroad.

Ahmed Aboul Gheit, secretary general of the League of Arab States, along with foreign ministers or representatives of the Arab states will attend the meeting.

China-Arab States Cooperation Forum to boost ties, promote regional peace: experts

China-Arab States Cooperation Forum to boost ties, promote regional peace: experts

The Organization of the Petroleum Exporting Countries (OPEC) does not anticipated a peak in global oil demand in its long-term forecast, said Haitham Al Ghais, secretary general of the organization on Thursday.

OPEC expects oil demand to grow to 116 million barrels a day by 2045, or potentially even higher, Al Ghais said.

The secretary general's statement came in the wake of a report released by the International Energy Agency (IEA) on Wednesday.

The IEA stated in its report that global oil demand growth is projected to slow in the upcoming years, with a potential oversupply risk in the global oil market by 2029.

OPEC's long-term forecast anticipates no peak in global oil demand: secretary general

OPEC's long-term forecast anticipates no peak in global oil demand: secretary general

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