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Greece, China sign deals for economic cooperation

IANS  |  Athens 

State officials and representatives of major enterprises signed here a series of memoranda of understanding to promote bilateral economic cooperation under the 2017-2019 Greece-China Action Plan.

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

"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," Xinhua news agency quoted Greek Deputy Economy and Development Minister Stergios Pitsiorlas as saying while 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."

National Development and Reform Commission (NDRC) Vice Head Ning Jizhe on his part expressed delight to see that the action plan has provided a good collaboration platform and some initial tangible results have been achieved.

Ning, also head of China's National Bureau of Statistics, hoped that both sides can enhance their cooperation on investment, trade and industrial capacity under the Belt and Road Initiative in tune with the principle of planning together, building together and benefiting together.

On Thursday, 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.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 03 2017. 01:48 IST
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