Greece, China Sign New Commercial Contracts; MOU On Shipping
15 6월 2010 - 10:34PM
Dow Jones News
Greek and Chinese companies have signed 14 separate commercial
deals, mainly involving shipping, real estate and farm exports,
during a four-day visit by Chinese Vice-Premier Zhang Dejiang to
Greece Tuesday.
At the same time, Greece's Minister for Development Louka
Katseli signed a separate memorandum of understanding with Chinese
Transport Minister Li Shenglin for closer co-operation in the area
of maritime transport.
"We continue to deepen our relations, a strategic relationship
for Greece and China, with the advancement and signing of these
commercial agreements," Greek Prime Minister George Papandreou said
in remarks to journalists.
Greece, which is in the midst of a difficult three-year
austerity and reform program, has been actively wooing China to
invest in the debt-strapped country. Last year, Chinese shipping
giant Cosco took over management control of one of the container
terminals in the port of Athens as part of a 35-year, EUR3.4
billion concession, and it has said it would like to expand its
investments in Greece.
Likewise, Greek shipping companies, which control some 15% of
the world cargo and tanker fleets and half of the European Union's
shipping tonnage, have increasingly turned to China over the past
decade to build new ships for their fleets.
Under the agreements signed Tuesday, three Greek shipping
companies signed deals with Cosco for the construction of seven dry
bulk cargo ships, options for another four, and charter deals for
five dry bulk carriers.
Also signed was an estimated EUR100 million deal by Chinese real
estate company BCEGI Group to develop a commercial and hotel
complex in the Athens port of Piraeus, while Greek telecoms
incumbent Hellenic Telecommunications Organization SA (OTE) signed
a deal with Chinese equipment maker Huawei Technologies to equip
the complex.
In addition, there were four separate agreements between Greek
and Chinese food companies covering olive oil exports from Greece
to China.
-By Alkman Granitsas, Dow Jones Newswires; +30 210 331 2881;
alkman.granitsas@dowjones.com
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