In Peking, France and China have signed an agreement to develop trade worth about thirteen and half billion United Sates dollars between the two countries over the next seven years.
CU INTERIOR Chinese Vice-Premier Teng Hsiao-Ping greeting French Foreign Trade Minister Jean Francois Deniau and his wife
CU Mr. Teng and Monsieur Deniau seated talking (3 shots)
CU & LV M. Deniau and Chinese Minister of Foreign Trade Li Chiang signing agreement (4 shots)
SV Mr. Teng and other officials watch as two ministers exchange agreement and shake hands (2 shots)
SV & CU Officials applaud as M. Deniau shakes hands with Mr. Teng
LV & CU M. Deniau and Mr. Teng toasting each other with celebration drink (2 shots)
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Background: In Peking, France and China have signed an agreement to develop trade worth about thirteen and half billion United Sates dollars between the two countries over the next seven years.
SYNOPSIS: The Chinese Vice-Premier, Teng Hsiao-Ping met French Foreign Trade Minister, M. Jean Francois Deniau and Mme. Deniau, on the fourth of December. Mr. Teng told M. Deniau that the trade agreement was a good beginning for co-operation between France and China. Mr. Teng said that China intended to buy French equipment for two nuclear power plants. It's reported that although France supplied to similar nuclear plants to Iran for two point three billion dollars, China will get them cheaper.
M. Deniau formally signed the trade deal with the Chinese Minister of Foreign Trade, Li Chiang. The agreement specifies exchanges and co-operation in agriculture, animal husbandry, energy resources, mining, iron and steel, aviation and space technology.
It's expected that as a result of the Peking signing trade between the two countries will develop quickly. In 1985 alone, trade between the countries is expected to be worth two point seven billion United States dollars. French sources claimed that in an annex to the agreement, France will provide China with credit of six point eight billion United States dollars over a ten year period.
A seven-year agreement on developing economic relations and cooperation between China and France was signed in Peking on December 4.
Vice-Premier Teng Hsiao-ping attended the signing ceremony after meeting with French Minister of Foreign Trade Jea? Francois Deniau, Mme. Deniau and their entourage.
Vice-Premier Teng told the guests that this agreement was a good beginning of cooperation between the two countries. "There are broad prospects for many-sided cooperation between the two countries", said the vice-premier.
Minister Jean Francois Deniau and his Chinese counterpart Li Chiang signed the agreement on behalf of their respective governments.