Dubai, UAE— Trade relations between the Gulf Cooperation Council (GCC) and China have been growing in recent years. As the world’s biggest energy consumer, China has been a major trade partner for the GCC oil and gas producers.
China became the largest trading partner of the GCC in 2020.
Its trade volume with the GCC reached about US$180 billion, accounting for more than 11% of the GCC’s total foreign trade.
China is also the largest export destination for GCC petro-chemicals, accounting for more than 25% of the total exports of related products.
But it’s more than oil.
The vaccine cooperation among China, UAE and Bahrain has covered more than 44-thousand people in the region. There has also been cooperation in telecommunications, artificial intelligence and smart cities.
