China, Greece ink $4.6 billion in deals

Source:Agencies Published: 2014-6-21 0:03:01

Chinese Prime Minister Li Keqiang visited  port of Piraeus in Greece on Friday, after a series of trade and investment deals worth $4.6 billion were signed between the two sides during Li 's three-day visit to Greece.

The deals included multi-billion-dollar Chinese bank loans to build at least 10 Greek-owned ships in Chinese shipyards. There were also agreements on the construction of solar energy parks in Greece, AFP reported.

"Cooperation between Greece and China is always mutually beneficial. China is fully confident about the prospect of Greece's development," Li said at a Thursday joint conference with Greek Prime Minister Antonis Samaras, adding that China would continue to be a "long-term and responsible" investor.

Li also called for more investment in the Piraeus Container Terminal project at Greece's largest port, which is jointly run by Chinese shipping giant COSCO and the Greek port authority.

Another $1.9 billion worth of deals are expected to be signed, mostly in infrastructure, transport and energy, according to local media.

Greek is willing to deepen cooperation and cultural exchanges and will actively take part in the construction of the 21st Century Maritime Silk Road, according to Samaras. "Greece can become China's gateway in Europe and the start of a European trade corridor," he said.

China provided timely support during the Greek debt crisis, which brought confidence and strength, Samaras said. Li also expressed appreciation for Greek assistance during the evacuation of Chinese nationals from Libya in 2011.

Li and Samaras also inaugurated a rail link that will transport goods from Piraeus to central Europe, Associated Press reported Friday.

Posted in: Diplomacy

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