Strengthening China's andIndia's Trade and Investment Ties to the Middle Eastand North Africa

Pigato, Miria

World Bank

关键词: ADJUSTMENT ASSISTANCE;    AGREEMENT ON TRADE;    AGRICULTURAL COMMODITIES;    AGRICULTURAL PRODUCTS;    AGRICULTURE;   

DOI  :  10.1596/978-0-8213-7776-5
RP-ID  :  48456

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The spectacular economic rise of Chinaand India over the past two decades has accelerated theirtrade with Africa, Latin America, and the Middle East andNorth Africa (MENA). Their demands for oil, gas, and othernatural resources have been driving new relationships withMENA countries based not only on energy but also on trade,investment, and political ties. Indeed, Dubai has become thecenter of a new Silk Road, the intersection where people,capital, and ideas meet. And while the financial crisis thathit global markets in 2008 has placed downward pressure ongrowth, these new relationships are likely to deepen in thecoming years. The report's main messages are asfollows: a) demand for energy from China and India isexpected to increase substantially in the future, thusgreatly benefiting oil producing countries in the MENAregion; b) the oil exporters in the Gulf have laid big betson economic diversification and knowledge enterprises, betsthey might win, but with lots of risk along the way. Oilprice volatility may threaten the sustainability of therecent expansion; and c) the growth of China and Indiaoffers new market opportunities for the countries in MENA.Besides energy, potential opportunities, for fertilizers,petrochemicals, crude materials, agricultural products, anda number of manufactured goods where MENA has strongcomparative advantages, remain unexploited.