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China signs MOU Free Trade Agreement with Palestine



SHANGHAI (Reuters) – China has signed a memorandum on a free trade agreement with Palestine, China's Commerce Ministry said on Wednesday in a statement on its official website.

Chinese Vice President Wang Qishan meets with Palestinian Prime Minister Rami Hamdallah at Ramallah in the occupied West Bank on October 23, 201

8. Abbas Momani / Pool on Reuters

China Ministry of Commerce (MofCom) said the MOU had been signed by the government China's Vice Minister of Commerce Qian Keming and Palestinian Minister of Economic Affairs Abeer Odeh during Chinese Vice President Wang Qishan's visit to Palestine.

Both sides have agreed to intensify negotiations and seek to reach a quick agreement, MofCom said.

In 2017, bilateral trade between China and Palestine reached $ 69.28 million, up 16.2 percent from the same period last year.

Reporting by Engen Tham and Wang Jing; Edited by Michael Perry

Our Standards: The Principles of Thomson Reuters Trust

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