Strengthening China's and India's Trade and Investment 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 drivin...

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Bibliographic Details
Main Author:	Pigato, Miria
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ADJUSTMENT ASSISTANCE AGREEMENT ON TRADE AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL PRODUCTS BILATERAL AGREEMENTS BILATERAL COOPERATION BUSINESS ENVIRONMENT CAPITAL FLOWS CAPITAL GOODS CAPITAL OUTFLOWS CAPITAL SURPLUSES CHANGES IN TRADE COMMODITY COMMODITY PRICES COMMUNICATION COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION COMPETITION POLICY COMPETITIVE PRESSURES COMPETITIVENESS CONSUMER PRICES CONSUMERS CONSUMPTION CONSUMPTION RATES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER DEMAND DEMOGRAPHIC DEVELOPING COUNTRIES DEVELOPMENT DEVELOPMENT POLICIES DOMESTIC DEMAND DOMESTIC ECONOMIES DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRODUCERS DOMESTIC PRODUCTION DOUBLE TAXATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC POWER ECONOMIC RELATIONS ECONOMIC STRUCTURE ECONOMIES OF SCALE ENERGY EXPORTS ENERGY RESOURCES EQUITY EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT SHARE EXPORT VOLUMES EXPORTS EXTERNALITIES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL SECTOR FINANCIAL SUPPORT FISCAL DEFICITS FORECASTS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FREE TRADE FREE TRADE AGREEMENT FUTURE GDP GDP PER CAPITA GEOGRAPHIC DISTRIBUTION GLOBAL CAPITAL GLOBAL CAPITAL FLOWS GLOBAL COMPETITION GLOBAL MARKET GLOBAL MARKETS GLOBAL STANDARDS GLOBAL TRADE GLOBAL TRADE ANALYSIS GOODS GOVERNANCE GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH RATES HUMAN CAPITAL IMPORT DUTIES IMPORT MARKETS IMPORT PRICES IMPORT PROTECTION INCOMES INDUSTRIAL PRODUCTS INDUSTRIAL SECTOR INDUSTRIALIZATION INPUTS INSTITUTIONAL INFRASTRUCTURE INTEREST INTERMEDIATE INPUTS INTERNATIONAL INVESTORS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT INVESTMENT FLOWS INVESTMENT TREATIES INVESTOR JOB CREATION KNOWLEDGE SPILLOVERS LABOR MARKETS LIBERALIZATION LIFE EXPECTANCIES MACROECONOMIC CONSEQUENCES MACROECONOMIC STABILITY MANUFACTURING INDUSTRIES MARKET ACCESS MARKET PENETRATION MARKET PRICE MARKET SHARE MARKET SHARES MARKETS MULTILATERAL NEGOTIATIONS NATIONAL INCOME NATURAL RESOURCES NET EXPORTERS NEW MARKET NEW MARKET OPPORTUNITIES NEW MARKETS NEW PRODUCTS OIL EXPORTERS OIL IMPORTS OIL PRICE OIL PRICES OIL REVENUES OPENNESS OUTCOMES OUTPUT OUTSOURCING PATTERN OF SPECIALIZATION PORTFOLIO POWER PARITY PREFERENTIAL AGREEMENTS PREFERENTIAL MARKET ACCESS PRICE VOLATILITY PRICES PRIMARY GOODS PRODUCTION PRODUCTION STRUCTURES PRODUCTIVITY GROWTH PURCHASING POWER RAPID ECONOMIC GROWTH RAPID GROWTH RATE OF GROWTH REAL ESTATE REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONAL TRADE INTEGRATION REGRESSION ANALYSIS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REGIME REGULATORY REQUIREMENTS REPUTATION RULES OF ORIGIN SECURITY SHARE OF WORLD EXPORTS SPECIALIZATION STATISTICAL ANALYSIS TARIFF TARIFF BARRIERS TARIFFS TAXATION TECHNOLOGY TRANSFERS TELECOMMUNICATIONS TERMS OF TRADE THEORY TOTAL FACTOR PRODUCTIVITY TRADE TRADE AGREEMENT TRADE AGREEMENTS TRADE BARRIERS TRADE DATA TRADE DIVERSION TRADE FLOWS TRADE LOGISTICS TRADE MODELS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PROTECTION TRADE RELATIONS TRADE SHOCKS TRADITIONAL MARKETS TRANSACTION COSTS TRANSACTIONS COSTS TRENDS UNEMPLOYMENT UNFAIR COMPETITION UNSKILLED LABOR VALUE VALUE OF IMPORTS WAGES WEALTH WELFARE WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKETS WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090511010953 http://hdl.handle.net/10986/2626

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Summary:	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 center 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. The report's main messages are as follows: a) demand for energy from China and India is expected to increase substantially in the future, thus greatly benefiting oil producing countries in the MENA region; b) the oil exporters in the Gulf have laid big bets on economic diversification and knowledge enterprises, bets they might win, but with lots of risk along the way. Oil price volatility may threaten the sustainability of the recent expansion; and c) the growth of China and India offers new market opportunities for the countries in MENA. Besides energy, potential opportunities, for fertilizers, petrochemicals, crude materials, agricultural products, and a number of manufactured goods where MENA has strong comparative advantages, remain unexploited.

Strengthening China's and India's Trade and Investment Ties to the Middle East and North Africa

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