Greece, China sign deals to promote economic cooperation

Greek and Chinese state officials and representatives of major enterprises signed on Nov 2 a series of memorandums of understanding to promote bilateral economic cooperation in key sectors under the 2017-2019 Greece-China Action Plan.

The plan was sealed in May this year in Beijing during the visit of Greek Prime Minister Alexis Tsipras.

Following the inaugural meeting in Beijing of the working groups established for the materialization of this framework, a Chinese delegation led by National Development and Reform Commission (NDRC) vice-head Ning Jizhe visited the Greek capital for the second meeting in order to advance collaboration.

‘The basis of this cooperation we believe is that Greece’s growth strategy meets China’s Belt and Road Initiative and the benefits are mutual,’ Greek deputy economy and development minister Stergios Pitsiorlas said welcoming the Chinese delegation.

‘Today we have the first tangible results. The signing of a series of agreements and MOUs are the first steps in the implementation of this action plan; therefore we are on the right path,’ he said.

On his part, Ning said he is happy to see that the action plan has provided a good collaboration platform and some initial tangible results have been achieved.

Ning hoped that under the principle of planning together, building together and benefiting together, the two sides can enhance their cooperation on investment, trade, and industrial capacity under the Belt and Road Initiative.

On Nov 2, the two sides specified details of cooperation projects included in the three-year action plan, and witnessed the signing of several MOUs which are expected to further boost bilateral ties.

Source: The Central People’s Government of the People’s Republic of China