InternationalLink

France and China sign deals worth 15bln dollars

During a three-day visit to China this week by French President Emmanuel Macron, France and China signed commercial deals in the fields of aeronautics, energy and agriculture worth a total of around 15 billion dollars, a Chinese government official has announced.

La rédaction de Mediapart

This article is freely available.

To support Mediapart subscribe

China and France signed contracts totalling $15 billion during a visit by President Emmanuel Macron, a Chinese government official told a news briefing on Wednesday, reports Reuters.

Deals were struck in the fields of aeronautics, energy and agriculture, including approval for 20 French companies to export poultry, beef and pork to China.

They also agreed to expand a protocol for poultry exports reached this year to include duck and geese as well as foie gras, and to work on a protocol allowing France to export pig semen to China, said a statement from Macron’s office.

Energy deals included a memorandum of understanding between Beijing Gas Group and French utility Engie to collaborate on a liquefied natural gas terminal and storage in the northern city of Tianjin.

An executive with Beijing Gas Group told Reuters that the cooperation with Engie would include the French firm supplying membrane technology, used for gas leak prevention, in the massive gas storage projects that China is embarking on.

Among other deals, France’s Total will set up a joint venture with China’s Shenergy Group to distribute LNG by truck in the Yangtze River Delta.

The two countries also agreed to reach an agreement by the end of January on the cost and location of a nuclear fuel reprocessing facility to be built by Orano, formerly known as Areva.

Previous plans to build the plant in Lianyungang in eastern China’s Jiangsu province were canceled after protests.

Separately, Chinese state news agency Xinhua said China would support its firms’ purchases of Airbus aircraft.

Read more of thisd report by Reuters.