日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語(yǔ)Fran?ais
World
Home / World / World Watch

Egypt boosts its prospects by joining Belt and Road

By Hisham AbuBakr Metwally | China Daily Global | Updated: 2019-12-19 09:50
Share
Share - WeChat
Through the BRI, China provides a fair model for international ties, which is trustworthy for all the world to interact with. [Photo/VCG]

When China proposed the Belt and Road Initiative in 2013, Egypt was one of the first countries to join.

Egypt was suffering from a severe trade deficit and a sharp decline in foreign exchange reserves. It also needed to develop its infrastructure, especially ports and the Suez Canal economic zone.

Egypt is a major Arab, African and Islamic developing country. In recent years, the China-Egypt comprehensive strategic partnership has enjoyed accelerated development with mutual political trust being constantly enhanced, economic and trade cooperation steadily advanced, major projects gradually implemented, and financial cooperation smoothly conducted.

China attaches great importance to developing China-Egypt ties. Both sides have maintained high-level exchanges and supported each other on issues concerning their core interests. The two countries make use of opportunities in infrastructure development and production capacity to jointly forge Egypt into a pillar country along the BRI route.

Trade between Egypt and China surpassed $13.8 billion in 2018.

Egyptian exports to China achieved remarkable growth in the first eight months of this year compared with 2018. Egypt's citrus exports (especially oranges) to China rose to $134 million from January to August this year, a 65.8 percent year-on-year increase.

In January 2016, President Abdel Fattah el-Sisi signed a memorandum of understanding with China to jointly promote the BRI.

The most important Egypt-China cooperation projects include the Chinese industrial zone in the Gulf of Suez region, investments by Chinese company Sinopec in the Western Sahara, and Chinese investment in what will be the new administrative capital. Egypt is also cooperating with China for implementing an electric train project in the new capital.

Egypt is a focal point in the BRI for offering promising investment opportunities for Chinese companies.

The BRI boosts Chinese investment in Egypt through megaprojects. Egypt has always preferred to deal with Chinese companies on projects involving infrastructure, power stations, renewable energy and electric trains, among other things.

Egypt has also expanded the promotion of industrial investments from China, including the establishment of a textile industrial zone.

Egypt and China have come closer after establishment of the China economic zone, especially through the BRI, and relations between the two countries have been upgraded to strategic partnership level during the Egyptian president's visit to China.

The success of the Suez Canal economic zone can be gauged from the fact that many Egyptian investors are participating in the development of several other industrial zones in the economic zone.

The transfer of Chinese expertise in the management of economic zones to Egypt is one of the important factors that will help Egypt to succeed in the development of other economic zones.

The Suez Canal economic zone helped support cultural exchanges between Egypt and China, with representatives of many Egyptian institutions visiting the region, trying to understand the nature of Chinese work as well as various aspects of culture.

China's investment in the economic zone has drawn the world's attention and encouraged many countries, such as India, Germany and France, to discuss investment in the region. For instance, Russia has already signed contracts for the construction of a Russian industrial city in the region.

Egypt has joined the BRI as an opportunity to carry out crossborder connectivity, improve its level of trade and investment cooperation, and promote international cooperation in capacity and equipment manufacturing.

The author is first economist researcher at the Egyptian Ministry of Foreign Trade and Industry. The views do not necessarily reflect those of China Daily.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 金8天国av| 久久精品视频中文字幕 | 精品国产中文字幕 | 亚洲精品国产一区二区 | 美国色视频 | 日本激情小视频 | 成年人晚上看的视频 | 色无极亚洲影院 | 狠狠操在线 | a级片在线观看视频 | 九九热最新视频 | 综合激情婷婷 | 一区二区三区四区在线视频 | 亚洲国产视频网站 | 国产麻豆免费视频 | 一级免费黄色大片 | 精品999视频| 国产精品亚洲成在人线 | 久久精品久久久久 | 亚洲三级a | 亚洲少妇一区二区三区 | 91成人看片 | 久久免费小视频 | 国产丝袜在线视频 | 色呦呦中文字幕 | 成人在线视频网址 | 黄色免费小视频 | 台湾色综合 | 日本久久久久久久久久 | 伊人网中文字幕 | 久久99精品国产.久久久久 | 国产成人精品久久二区二区91 | 欧美日本韩国一区 | 成人毛片在线精品国产 | 国产亚洲久久 | 日韩三级视频在线播放 | 天天草天天操 | 操她视频在线观看 | 日韩一区欧美一区 | 五月婷婷激情在线 | 日日夜夜精品免费 |