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Business/Investing Strengthening China's Trade and India's Trade and Investments Ties to the Middle East and North Africa
Posted on 2010-03-16
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More Strengthening China's Trade and India's Trade and Investments Ties to the Middle East and North Africa The spectacular economic rise of China and India over the past two decades has accelerated their trade with Africa, Latin America, and the Middle East and North Africa (MENA). Their demands for oil, gas, and other natural resources have been driving new relationships with MENA countries based not only on energy but also on trade, investment, and political ties. Indeed, Dubai, has become the left of a new Silk Road— the intersection where people, capital, and ideas meet. And while the financial crisis that hit global markets in 2008 has placed downward pressure on growth, these new relationships are likely to deepen in the coming years.
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