China, Belgium-Luxemburg Economic Union to strengthen ties

14:51, May 26, 2010      

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China and the Belgium-Luxemburg Economic Union (BLEU) agreed in Brussels Tuesday to continue working together for closer economic and trade relations between the two sides.

The consensus was reached at a meeting of the China-BLEU joint economic and trade committee co-chaired by Chinese Vice Commerce Minister Gao Hucheng and Belgian Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade Steven Vanackere.

The two sides also reached much consensus on boosting economic and trade ties between China and the European Union, opposing trade protectionism, and pushing forward the Doha round of trade negotiations.

At the meeting, Gao said that both Belgium and Luxemburg are China's vital economic and trade partners within the European Union.

Despite a decrease in bilateral trade last year due to the financial crisis, China's imports from Belgium and Luxemburg have grown rapidly since the beginning of this year, making bilateral trade more balanced, he said.

Although China's current investment in the BLEU is still limited, it has been in recent years growing at a fast pace and expanding into more and more fields, he said.

Source:Xinhua

(Editor:梁军)

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