Deep-rooted Kuwaiti-chinese Ties Raise Trade Exchange To 12 Billion Dollars

Kuwait and China are witnessing deep-rooted and developed relations in all fields, mainly the economic sector, supported by the strategic visions of the two countries’ leaders that pushed ties to new levels.

Exchange trading volumes between the two countries rose from USD 9.5 billion in 2016 to USD 12.04 billion in 2017, thanks to the political will of the two leaders. His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- Sabah’s vision in 2006 aiming to transform Kuwait into an international commercial and fi- nancial hub and set up the Silk City opened new horizons to link eastern roads to the western ones so as to materialize the vision of Chinese President Xi Jinping on reviving the ancient Silk Road.

Reviving the Silk Road in the 21st century through a big series of ambitious development projects represents a change in international relations and cooperation among countries, as such projects aim to achieve common benefits of all nations and resolve issues and problems of most of developing countries as well as enhance regional peace and security.

This represents objectives of His Highness the Amir, a Humanitarian Leader, and Kuwait, a Humanitarian Center. Due to this, China ranked first as Kuwait’s largest commercial partner over the last two years as a natural result of growing bilateral economic relations between the two sides after His Highness the Amir’s visit to China in 2009 that aimed at promoting bilateral ties.

In 2014, His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah also paid a visit to China where some cooperation agreements were signed, within the framework of boosting the bilateral ties. The visit also witnessed the signing of cooperation document so as to take part in the building of the Silk City and the new Silk Road.

SOURCE : ARABTIMES

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