France and China back irreversible Paris climate pact, sign deals worth $15bn

Issued on:

China and France signed contracts totalling $15 billion during a visit by President Emmanuel Macron, a Chinese government official said at a news briefing on Wednesday, as the countrys two leaders reaffirmed their support for the Paris Agreement on climate change.

Advertising

Read more

French President Emmanuel Macron gave a news conference at the end of his three-day visit in China. Follow our live coverage by clicking on the player above.

Deals were struck in the fields of aeronautics, energy and agriculture, including approval for 20 French companies to export poultry, beef and pork to China, the official said on the third day of Macron's visit to China.

Chinese leader Xi Jinping has billed Macron's visit to Shanghai and Beijing as a boost to multilateralism and free trade, amid ongoing economic tensions with Washington.

Speaking at a meeting Wednesday in Beijing, Xi said the two leaders sent a "strong signal to the world about steadfastly upholding" the twin concepts along with "working together to build open economies."

Macron arrived in China on Monday seeking new business and climate deals with China. He started his three-day visit by announcing that the European Union (EU) had struck a deal with Beijing to prevent counterfeiting of agricultural products like wine and cheese.

The French president earlier visited a sprawling export fair in the commercial hub of Shanghai and on Wednesday said that China and the EU must "build a stable partnership on the big questions of the world in a world that is more and more destabilized."

Although most of their meetings were centred on trade, Xi and Macron also touted their entente on the environment, declaring on Wednesday that the Paris climate pact is "irreversible".

The two leaders restated "their firm support for the Paris accord which they consider as an irreversible process and a compass for strong action on climate", said a joint statement released after talks in Beijing.

Xi and Macron also reaffirmed their strong determination to improve international cooperation on climate change.

The move comes after the Read More – Source