Introduction
With the fish and seafood industry growing rapidly in recent years, productions are increased and new businesses are developing to meet the demands of consumers. A joint venture in fish industry between a Chinese company and a Yemeni company could be a potential successful business. When assessing political, economical, social, and technology and infrastructure environment in both countries, we will be able to get a clear picture of the potential benefits, costs, and risks of creating such business.
Political Environment
Republic of Yemen was formed in 1990 after the unification of North and South Yemen. President Ali Abdulla Saleh’s status as the president (he is currently serving his second term) has been confirmed by Yemen’s citizens through elections in which all Yemenis are allowed to vote. One of the redeeming strengths of Yemen’s political infrastructure is the country’s vibrant multi party electoral system where the political party in power has to stand against opposition parties in elections and in parliamentary debates. The latest Yemeni parliamentary elections took place in 2007. (MEEPAS 2008)
The Communist Party of China, or the CCP, was founded in 1921 and became the dominant political party of China in 1949. The system of government is complex, but basically focuses on a governing council of 300 who are responsible for making laws that support the will of the Chinese people. Economic reforms have taken place in the party in the recent past to encourage business in a more capitalist way. The current constitution was adopted by the 5th National People’s Congress on December 4, 1982. (China Guide 2008)
Economical Environment
Yemen is an open economy that welcomes foreign direct investment in all secto ...