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China and five Pacific island countries sign cooperation

  • Author:Sherry
  • Source:Securities Times Network
  • Release on:2019-10-30

China and Five Pacific Island Countries Sign Cooperation

China and Samoa and other five Pacific island countries signed 10 memorandums of understanding to strengthen infrastructure, investment and capacity cooperation

According to the signed memorandum, China will establish investment and capacity cooperation and infrastructure cooperation mechanisms with five island countries, including Samoa. The two sides will encourage companies from both countries to deepen cooperation in infrastructure such as roads, ports and airports. Key areas such as fisheries and tourism will strengthen investment and capacity cooperation, push bilateral economic and trade cooperation to a higher level, and achieve mutual benefit and common development.