Imports Tata Motors parts from China

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This content was published on January 10, 2011 - 7:24 pm

LONDON (awp international) - China's Vice Prime Minister Li Keqiang signed an agreement with the car maker Jaguar Land Rover for the sale of 40,000 luxury cars in his country during a state visit to the UK. The cars are worth more than a billion pounds (1.2 billion euros), the deal supports the company's expansion course in the Chinese market, Jaguar Land Rover announced on Monday. The traditional British brands belong to the Indian group Tata Motors.
As in Spain and Germany, Li is mainly on business on his four-day visit to the kingdom, which is due to end on Wednesday. On Monday he met with high political representatives in London. Prime Minister David Cameron and the governing coalition of Conservatives and Liberal Democrats had repeatedly emphasized that Great Britain wanted to strengthen relations with emerging economies such as China and India in the future. Cameron had visited China himself in November.
"We have had very successful discussions on a wide variety of topics," said UK Vice Prime Minister Nick Clegg. "We have also witnessed the signing of a number of agreements, including commercial agreements with an estimated contract value of at least £ 2.6 billion."
Among other things, the British oil company BP and the China National Offshore Oil Corporation signed a contract for deep-sea drilling in the South China Sea. In Scotland, a deal helped secure around 2,000 jobs at an Ineos oil refinery. Li also sought support in his plan to ease the European Union's trade restrictions on China.
As a gift, Li had chosen a long-awaited couple: the zoo in Edinburgh, Scotland, will receive two panda bears from China. They will be the first of their kind on the island in 17 years and will stay there for 10 years. Negotiations for the move of the bears from China to Scotland had been going on since 2008./gür/DP/he

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