Agreement on 4 aspects in the final report of the Gulf Cooperation Council and China

Dubai, United Arab Emirates (CNN) – The Gulf Cooperation Council and the Chinese Ministry of Foreign Affairs reached a four-point agreement following a meeting between Secretary-General of the Gulf Cooperation Council Naib al-Hajraf and Chinese Foreign Minister Wang Yi. In Wuxi, Jiangsu Province, China.

According to a statement issued by the Co-operative Council, the following matters have been agreed upon:

1. It is necessary to establish strategic partnership relations between the Gulf Cooperation Council and the Republic of China as soon as possible to enhance and deepen the areas of mutual cooperation and to increase the level of practical cooperation to meet the challenges of achieving common growth. Serves the common good.
2. Signing of the Joint Action Plan for Strategic Dialogue between the Gulf Cooperation Council and China between 2022-2025, as soon as possible to reach new frontiers and expand areas of cooperation between the two sides.
3. In order to facilitate liberalization and trade, there is an urgent need to conclude negotiations on a free trade agreement between the Cooperation Council and China and to establish a free trade zone between the Cooperation Council and China. Administration of the business and economic interests of both parties.
4. The two sides are holding a fourth round of strategic dialogue between the Gulf Arab states and the People’s Republic of China in Riyadh, the capital of Saudi Arabia.