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Hampered by culture. Is it?
The Middle East & China trade relations, governed by culture!
04/10/2007

Since time immemorial wars across the world have owed their allegiance to cultural differences…failing trade practice is only a small nuance of such radical discrepancies. However, over here the issue has not yet reached the extent of failure. The GCC group of Oman, Bahrain, Qatar, Kuwait & others are contemplating an investment worth $250 billion in Asia within the next five years, mostly in China. Aramco of Saudi Arabia announced of couple of projects in China worth $5 billion. China too has taken initiative of starting aluminium processing plants in Saudi Arabia worth $5 billion. Thus, with the right catalysts, the Middle East-China trade can really take off…until of course, the cultural difference intervenes. The Chinese and the Middle East people are obviously very different in the way they perceive, their ways of negotiations, their ideas of a business meeting, their sense of punctuality and their whole procedure of conducting trade which probably evoked the Sichuan province governor to state that there is a lack of effective communication between both sides thereby necessitating prompt bridging of this cultural gap for vigorous trade activities. Forever perhaps.

By:- B&E
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