The French president Emmanuel Macron has met with his chinese counterpart, Xi Jinping, on Monday at the Elysée palace. Here are the major trade agreements signed on the occasion of the visit of the chinese president in France:
• Airbus: $ 30 billion
Airbus and China Aviation Supplies Holding Company (CASC) have signed an agreement for the acquisition of 290 A320 family aircraft and ten A350s. The Elysium has reported an estimate of about 30 billion euros, stating that he was returning to the undertakings concerned to clarify the amounts. The vast majority of aircraft will be A320’s and A321’s version of NEO but the command also includes the A319, ” says Reuters.
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• EDF: a billion
EDF has signed an agreement with China Energy Investment Corporation (CEIC), an agreement on a offshore wind farm project in China for around a billion euros. This agreement covers phases 4 and 5 of the proposed wind farm of Dongtai, said the French presidency, adding that he was concerned with the construction and operation of a wind farm of 502 MW off the coast of Jiangsu province.
• BNP Paribas and Eurazéo
BNP Paribas, Eurazéo PE and China Investment Corporation (CIC) have signed a memorandum of understanding on the establishment of a fund for cooperation franco-chinese, the amount of which is the target of one billion euros. This fund bilateral investment needs to support the development in China of French companies.
BNP Paribas has also signed a memorandum on co-financing with the Bank of China, which, according to the Elysée, to reach nearly 6 billion euros over the next three years.
• Schneider Electric: 6 billion
Schneider Electric and Power Construction Corporation (CPC) have signed a strategic cooperation agreement that could reach about 6 billion euros, for the modernization of industrial plants for PCC in China and in third countries. Two projects are already identified in Saudi Arabia and Dubai.
• CMA-CGM: 1.2 billion
The shipping Company CMA-CGM and China State Shipbulding Corporation have signed a framework agreement of comprehensive cooperation and a contract for the construction of 10 new vessels with a capacity of 15,000 containers twenty-foot equivalent units (TEUS), the amount of which is estimated at 1.2 billion euros.
• The embargo on poultry lifted
France and China have also signed an agreement lifting the embargo on poultry imposed since the bird flu of 2015. A memorandum of understanding has been signed in this direction for the sector in broiler chickens, between the ministry of Agriculture and the general administration of customs of China (GACC). To recall, France had exported 3.6 tons of poultry meat, in 2015, for a turnover of 7 million euros, according to the organization FranceAgriMer.
