Final touches being put to broad economic agreement with China

Talks between Athens and Beijing over an extensive long-term economic cooperation agreement are at an advanced stage.

The pact, which is expected to include not only a number of specific investment initiatives but also a financing mechanism, is scheduled to be signed during the Forum for International Cooperation, in the context of the One Belt One Road Initiative, to take place in Beijing on May 14-15.

The agreement is being prepared by Deputy Economy Minister Stergios Pitsiorlas in cooperation with the Prime Minister's Office, along with the Chinese Embassy in Athens. According to available information, the deal will have a three-year horizon and its potential value is in the billions.

Among the projects seen to be of common interest is the creation of a funding mechanism, a major cooperation for the participation of a large Chinese group in an investment in a...

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