On October 21, witnessed by President Xi Jinping and the Prime Minister Cameron, Chinese Minister of Commerce Gao Hucheng signed with the British Secretary of State for Business, Innovation and Skills Sajid Javid and the British Secretary of State for International Development Justine Greening respectively the Memorandum of Understanding between Chinese Ministry of Commerce and the Department of Business, Innovation and Skills of the United Kingdom of Great Britain and Northern Ireland on Strengthening Bilateral Local Trade and Investment Cooperation and the Memorandum of Understanding between Chinese Ministry of Commerce and the Department of International Development of the United Kingdom of Great Britain and Northern Ireland on Strengthening Development Cooperation and the Partnership,Implementing the Goals of Sustainable Development. Memorandum of Understanding on local cooperation is the first MOU signed by China and EU countries on strengthening local economic and trade cooperation.
Through signing the above MOU, the Chinese Ministry of Commerce will set up the long-term mechanism of bilateral local cooperation with the British Department of Business, Innovation and Skills, and will establish the joint work group of China-UK local cooperation under this mechanism. Its goal is to further strengthen the communication and cooperation between the local governments of the two countries and to promote and deepen the trade and investment cooperation between the enterprises. The Chinese Ministry of Commerce will also further deepen new type of development cooperation with the British Department of International Development, broadening cooperation fields, and making further contributions to implementing the goals of sustainable development.
