China, GCC members to deepen Belt and Road trade cooperation

0 Comment(s)Print E-mail Xinhua, October 23, 2023
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China will work with the Gulf Cooperation Council (GCC) to foster bilateral trade and investment as part of efforts to carry out the newly proposed eight major steps to bring Belt and Road cooperation to a new stage of higher-quality and higher-level development, China's Minister of Commerce Wang Wentao said Sunday.

Wang made the remarks at a meeting of the economic and trade ministers of China and the six member states of the GCC held in the southern Chinese city of Guangzhou.

Efforts were pledged at the meeting to align Belt and Road cooperation with the development strategies of GCC member countries and to expand cooperation in areas including digital economy, sustainable development and infrastructure.

China will work to reach a free trade agreement with the GCC, support the exchanges of the two sides' sovereign wealth funds, and explore infrastructure cooperation in ports, aviation, communications and pipelines, said Wang.

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