Iran Press/ Middle East: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan lauded on Sunday the Arab world’s trade and economic partnership with China, while underscoring the importance of this relation and the mutual desire to boost it.
“China is the Arab world’s largest trade partner where the total volume of trade exchange between both sides reached $430 billion in 2022,” Prince Faisal said.
“The Kingdom accounts for 25 percent of the total trade exchange between China and Arab countries,” the minister told attendees at the 10th Arab-China Business Conference.
Themed “Collaborating for Prosperity,” the conference is being held in Riyadh that will run until June 12.
Prince Faisal added that the volume of trade exchange between Saudi Arabia and China reached $106 billion in 2022, with 30 percent increase compared to 2021.
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