Britain, China Seal Deals Worth $4 Billion

Jaguar Land Rover committed to increase sales in China

Britain and China signed trade deals during talks in London between Chinese Vice Premier Li Keqiang and British Deputy Prime Minister Nick Clegg. The agreements, totaling $4 billion, include a commitment by Jaguar Land Rover to increase sales in China to the 40,000 mark this year in a deal which the automaker said was worth one billion pounds.

In another deal, BP and the China National Offshore Oil Corp. signed an agreement on deepwater exploration in the South China Sea.

The talks also covered international security and climate change "in which the UK and China work closely together," a British government statement said.

Britain is scrambling to catch up with European rivals France and Germany in winning trade deals with China.

Li has also visited Spain and Germany on his trip.

Copyright Agence France-Presse, 2011

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish