Greece ‘natural ally’ in boosting trade: Xi Jinping
Greece is a “natural ally” in China’s global trade expansion plans, Chinese President Xi Jinping said Monday during a three-day state visit.
“Both China and Greece see each other as natural allies in developing the Belt and Road,” Xi said at the start of a state visit aimed at deepening cooperation with Greece across the board, adding his desire to “keep the momentum going” and “reinforce” bilateral relations.
Greece is one of the backers of China’s Belt and Road plan for a massive network of ports, railways, roads and industrial parks spanning Asia, Africa, the Middle East and Europe that will see trillions invested in new infrastructure across 126 countries.
Greek and Chinese delegations signed over a dozen agreements, including an extradition accord, agricultural export deals and an agreement to open the first Bank of China branch in Athens.
The Industrial and Commercial Bank of China will also open a representative office in Greece, officials said.
The agreements signed Monday will “unleash potential in energy, transport and financial cooperation,” Xi said. “The road we open will soon become a highway,” said Greek Prime Minister Kyriakos Mitsotakis.
The Chinese foreign ministry had earlier noted that Xi’s visit to Athens will have “historical significance” for the development of China-Greece relations, and will also “inject new impetus” into the development of China-EU relations and Beijing’s “Belt and Road” initiative.
“Relations with Greece are a priority for China,” Greek Foreign Minister Nikos Dendias told Thema radio on Thursday.
“They came and invested in Greece when others stayed away” during the economic crisis, Dendias said.
Xi’s visit comes on the heels of a four-day trip to Shanghai by Greece’s new conservative Prime Minister Mitsotakis last week at the head of a delegation of more than 60 businessmen.
Elected in July, Mitsotakis has made foreign investment and privatisation a linchpin of his administration’s policy to restore Greece’s sluggish economy to growth after a gruelling 10-year crisis.
“I want the first words by Greek authorities to those who come to invest to be ‘how can I help you?’” said Mitsotakis, who plans to visit China again in April.
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