Abstract:The economy of Middle Eastern Countries is heavily depended on the petroleum.As oil export revenue is the most important source of foreign exchange of the Middle Eastern countries,fluctuations of oil prices became the most critical influences on the commercial goods trade and service trade development of Middle Eastern countries.After 2000,with oil booms brought by the soaring oil prices,the volume of trade in Middle Eastern Countries,for both goods and service,increased very rapidly.For trade of goods,the pattern of trade relationship between Middle Eastern countries and the world is exporting oil in exchange for manufactured goods and food.For trade of service,transport is the major commodity Middle Eastern countries exported,and travel is the major commodity Middle Eastern countries imported.For Sino-Middle East trade relationship,China established trade relationship with Middle Eastern countries since 1978,when China implements the reform and opening up policy.However,before 2000,the trade relationship between China and Middle Eastern countries is not strong.After 2000,with the soaring oil imports,strengthened capability for producing and exporting manufactured goods and the stronger construction companies,China established closer trade relationship with Middle Eastern countries,trade volumes for both goods and service between China and Middle Eastern countries increased very rapidly.As for the commodity structure of Sino-Middle East trade of goods,the major commodity China exported to Middle Eastern Countries is manufactured goods,and the major commodity China imported is crude oil.And for Sino- Middle East service trade relationship,the most import part is the Engineering contracting business undertaking by Chinese Companies in Middle Eastern Countries.
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