Great potential for Sino-Denmark cooperation: Chinese official

18:50, May 18, 2010      

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Chinese Minister of Commerce Chen Deming (2nd L) and Danish Minister for Economic and Business Affairs Brian Mikkelsen (2nd R) attend the Denmark-China Economic and Trade Cooperation Forum and Business Contract Signing Ceremony in Copenhagen, capital of Danmark, May 17, 2010. (Xinhua/Lin Miao)

There is a great potential for cooperation between China and Denmark, visiting Chinese Commerce Minister Chen Deming said Monday.

Chen is heading a large trade and investment promotion mission of more than 100 Chinese entrepreneurs. This has been the largest ever Chinese trade delegation to visit Denmark.

The further development of trade and economic cooperation between the two countries will help deepen their comprehensive strategic partnership and promote Sino-Europe cooperation, Chen told Xinhua.

This year marks the 60th anniversary of the establishment of diplomatic relations between China and Denmark. Denmark was among the first Western countries to recognize the People's Republic of China.

The two countries have maintained good relations over the past six decades, and frequent high-level contacts held after China's adoption of the reform and opening up policy helped boost the trade and economic cooperation, Chen said.

China has a huge market and development potential, while Denmark is strong in terms of science and technology and innovation, he said. Deepening cooperation in trade and economic sectors is in the need of both countries and the interests of the two peoples, he added.

Denmark is currently China's second largest source of foreign investment, and its third largest trading partner and technology import source in the Nordic region. China has introduced 485 technology projects from Denmark worth 2.7 billion U.S. dollars as of March 2010.

There are more than 400 Danish companies involved in more than 600 projects in China. Besides some large enterprises like Carlsberg and Maersk, small- and medium-sized Danish firms were also eager to explore the Chinese market, Chen said.

Meanwhile, to Chinese companies seeking operations in the Nordic region, Denmark is their second favored investment destination.

Chinese enterprises, especially some privately-owned ones, have been actively investing in Denmark in recent years, Chen said.

To further promote cooperation, Chen said both sides should stick to free trade and oppose any form of protectionism.

The two countries should further expand cooperation in such areas as shipbuilding, shipping, logistics, energy conservation and environmental protection, said Chen, who welcomed specialized Danish companies to build eco-parks in China.

Chen also urged both sides to improve investment environment, and develop green economy to jointly combat climate change.

Meanwhile, the minister also saw chances for both sides to cooperate in the fields of energy, environmental protection, scientific and technological innovation, exchanges between small and medium-sized companies and labor services.

"In the age of globalization, interdependence between countries across the world has been deepened. Cooperation is the sole correct choice for countries to face up to crises and turn challenges to opportunities," Chen said.

Source: Xinhua


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