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Chinese, Canadian companies sign deals of nearly 3 billion U.S. dollars

(Xinhua)

08:22, February 10, 2012

BEIJING, Feb. 9 (Xinhua) -- More than twenty Chinese and Canadian companies on Thursday signed cooperative deals of about 3 billion U.S. dollars on the sidelines of Canadian Prime Minister Stephen Harper's China visit.

The deals, covering areas including aviation, finance, rail transit, mining, telecommunications, construction, environmental protection, education, and pharmaceuticals, were signed at the fifth China-Canadian Business Forum.

"The economic and trade cooperation is an important driving force for the development of China-Canada relations," said Chinese vice-premier Li Keqiang while addressing the forum, adding China's 12th five-year development plan and Canada's strategy to promote diversity of trade and investment provide broad prospects for bilateral cooperation.

He called on the two countries to give full play to the bilateral Foreign Investment Promotion and Protection Agreement and further enlarge two-way trade and investment.

China will increase imports of Canada's advantage products, Li said.

He said the two countries should establish long-term and stable cooperation on energy resources, conduct more energy trade, and promote more large-scale cooperative programs on oil and gas and mining.

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