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Macedonia and China sign agreement on economic and technical cooperation

Macedonian Information Agency (Sep 10, 2004) (MIA) - Macedonian Deputy Minister of Economy Rakip Dochi and Chinese Vice-Minister of Commerce Yu Guangzhou Friday signed Agreement on Economic and Technical Cooperation between the Governments of both countries.

The Agreement provides US 2,5 million Chinese donation for Macedonia. It will be probably used for the country's development in general.

Dochi and Guangzhou stressed that both countries were interested in further development of the trade co-operation, adding that Macedonian and Chinese companies should be encouraged to increase the investments and reciprocal exchange.

"I hope that with the further cooperation, especially in infrastructure and hydroelectric power stations, we will succeed to boost the development of other industrial sectors", the Chinese Vice-Minister said.

The trade exchange between Macedonia and China in the first half of 2004 is at US$ 40 million with Macedonia's deficit of US$ 37,6 million.

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