The closing statement of the Saudi-Chinese Summit: Supporting climate control efforts
The Kingdom of Saudi Arabia and the People’s Republic of China stressed the importance of prioritizing Saudi-Chinese relations in their foreign relations and establishing a model of cooperation, solidarity, mutual benefit, and win-win for developing countries.
The Saudi side congratulated China on the successful convening of the 20th National Congress of the Communist Party of China, in a statement issued on Friday after the Saudi-Chinese summit.
While the Chinese side expressed its appreciation for the significant achievements made by the Kingdom in the field of national development within the framework of Vision 2030.
Both sides reaffirmed their commitment to supporting each other’s core interests, maintaining their sovereignty and territorial integrity, and defending non-interference in countries’ internal affairs and other principles of international law and relations.
For its part, the Chinese side expressed its support for the Kingdom in preserving security and stability. It affirmed its firm opposition to interfering in the internal affairs of the Saudi Arabian Kingdom. It rejected any attacks targeting civilians, civilian facilities, lands, and Saudi interests.
The two sides pointed out the importance of enhancing cooperation between them through the high-level Saudi-Chinese joint committee, to achieve common goals, enhance cooperation between the two countries in all fields, and intensify communication between the government and private sectors in the two countries, to discuss economic, trade and investment opportunities and translate them into tangible partnerships.
Enhancing cooperation in the field of energy
In the field of energy, the two sides indicated that strengthening their cooperation in this field would lead to an effective exchange of goods and the establishment of a strategic partnership for the development of the world’s oil resources as well as China’s market.
The two sides indicated that according to them, the expansion and consolidation of cooperation in the field of oil are consistent with their common interests in global oil markets. The People’s Republic of China appreciated the Kingdom’s role in supporting the balance and stability of the markets. Furthermore, it welcomed the Kingdom’s market as a major player on the international stage. Additionally, China welcomed crude oil exports as a source of petroleum.
The two sides agreed to discuss joint investment opportunities in the petrochemical sector. In addition, they developed promising projects in technologies for converting oil into petrochemicals. In addition, they increased cooperation in several fields and projects, including electricity, photovoltaic energy, wind energy, and other renewable energy sources.
They also stressed the importance of deepening cooperation in the Belt and Road initiatives, welcoming the accession of the relevant Saudi institutions to the energy partnership and various investments within the framework of the Belt and Road, and strengthening the Kingdom’s position as a regional center for Chinese companies to produce and export energy sector products, in addition to joint investment in energy projects in the countries of the region and countries with energy-consuming products in Europe and Africa.
Cooperation in the field of climate change
Regarding climate change, the Chinese side welcomed the Kingdom’s launch of the Saudi Green and Green Middle East initiatives. It expressed its support for the Kingdom’s efforts in the field of climate change through the implementation of the circular carbon economy approach. This approach was launched by the Kingdom and endorsed by the leaders of the G20 countries.
The two sides also stressed the importance of the Framework Convention on Climate Change principles and the Paris Agreement. In addition, they stressed the need to implement climate agreements by focusing on emissions without sources.
The two sides agreed to continue coordination on energy policies by using the circular carbon economy as a tool to manage emissions, achieve climate goals, and urge developed countries to take their historical responsibilities seriously.
