China and Greece marked Premier Li Keqiang’s first visit to the Mediterranean country by sealing US$4.8 billion in business deals late Thursday, the 21st Century Business Herald reported Friday.
In Athens’ historic Zappeion Megaron Hall, state-owned China Development Bank inked €2.3 billion (US$3.13 billion) in agreements, including a €1.5 billion strategic cooperation memorandum (MOU) with Costamare, a €1 billion MOU with the Hellenic Ministry of Merchant Marine and the Aegean and another €200 million agreement with the olive oil industry.
In addition, Industrial and Commercial Bank of China (01389.HK) and Export-Import Bank of China signed multiple deals of their own.
These agreements cover infrastructure, trade finance, technology, culture, the maritime industry and quality inspection.
As one of the countries hit hardest in the European debt crisis, Greece aims to raise about €3 billion this year from privatizing state-owned assets. Li said in the lead-up to his trip that Beijing wants strong Chinese firms to be vigorous players in Greece’s privatization plans.
According to Xinhua, Sino-Greek bilateral trade amounted to US$3.65 billion in 2013.
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