Riyadh – Saudi officials discussed means of enhancing Saudi – G20 cooperation during the meeting of Labor and Employment Ministers of the Group of Twenty in Shanghai, China that ended on Sunday.
Discussion at the ministerial sessions confirmed the importance of setting a mechanism that shall enhance the investing and trading system of G20. In addition, the attendees spoke about means to enhance international trade and cooperation to coordinate international investment policies.
Head of Saudi delegation in Shanghai, Minister of Commerce and Investment Majid al-Qasabi held meetings to discuss means to boost cooperation between Saudi Arabia and G20.
He also presented the National Transformation Plan 2020 (NPT) and the Saudi Vision 2030 with all the promising opportunities for investments in Saudi Arabia.
A Chinese official said that Beijing plans on increasing the partnership with Riyadh in several areas through the implementation of 14 agreements signed during the latest visit of Chinese President Xi Jinping to Saudi Arabia.
Chinese Ambassador to Saudi Arabia Li Chengwen told Asharq Al-Awsat newspaper that he expects the Saudi-Chinese joint governmental committee to discuss means of executing the 14 agreements during its first meeting.
Chengwen said that the cooperation will have positive outcomes on both countries and increases cooperation in fields of advanced, nano, and nuclear technologies.
Saudi-Chinese trade reached 71.3 billion dollars in 2014 given that Beijing is considered Riyadh’s most important trade partner.
Number of Saudi-Chinese projects reached 88 with investing capital of 537 million dollars and 150 Chinese companies in Saudi Arabia.
Meanwhile, Minister of Labor and Social Development Mufarej Haqbani will present Saudi Vision 2030 at the ministerial meeting of the Ministers of Labor and Employment of the Group of Twenty in Beijing from July 11-13.
Haqbani is scheduled to launch the third edition of the annual report on the Saudi labor market.
The minister will highlight the ambitious vision to ensure the continuing prosperity of Saudi Arabia through suitable job opportunities available for various segments of society, including females and males, particularly youth and people with disabilities.
Also, other issues on the agenda of the ministerial meeting include creating job opportunities and linking market demands with opportunities and skills.
Ministers will present their analysis of the international market and will discuss work policies that can establish job opportunities.
Meeting of the Ministers of Labor and Employment of the Group of Twenty is one of the most prominent and important occasions that deals with challenges of labor market.