Chinese, Emirates FMs discuss free trade zone

POLITICAL ECONOMY

Textile manufacturers could make use of the free trade zone

by Staff Writers
Abu Dhabi (AFP) May 24, 2006
Chinese Foreign Minister Li Zhaoxing and his Emirati counterpart Sheikh Hamdan bin Zayed al-Nahyan on Wednesday discussed the creation of a free trade zone between China and the Gulf States, the official WAM news agency announced.

The talks here centred on "negotiations aimed at creating a free-trade zone between the members of the Gulf Cooperation Council and China," according to the report.

The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

The scheme would cut import tariffs, simplify customs procedures and allow for mutual investments.

Source: Agence France-Presse

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POLITICAL ECONOMY

China 2006 GDP growth forecast at 10 percent, regulators call for curbs

Beijing (AFP) May 25, 2006
The Chinese economy is expected to race ahead at around 10 percent average growth this year, the central bank said Thursday, as regulators called for a clampdown on credit to the heated real estate sector.

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