2016年CRI China, Serbia Sign 21 Deals to Elevate Ties

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Meeting with Serbian President Tomislav Nikolic in Belgrade late Saturday, Xi Jinping has announced the two sides have agreed to upgrade their bilateral¹ ties to a comprehensive strategic partnership².

The Chinese President says the move is a major step forward in China's foreign policy toward central and eastern Europe.

"China and Serbia have agreed to lift our relations to a comprehensive partnership, and signed a joint³ statement to this end. This signifies a breakthrough in our bilateral ties and sets a new precedent⁴ in China's foreign relations with central and eastern European countries. It's an affirmation of China and Serbia ties and will bring about a new chapter and new opportunities to our future cooperation."

Xi Jinping says the new agreement - while on the surface may appear symbolic⁵ - is actually going to translate into concrete action.

"Practical cooperation is the most important aspect of China-Serbia relations. We have agreed on deepening mutually beneficial cooperation, expanding the cooperation of major projects in the future. We will concentrate on important areas such as infrastructure⁶, production capacities and agriculture. We will strive to improve the quality, depth and range of joint efforts to realize truly beneficial cooperation. "

The new joint statement also covers areas such as trade, investment, finance, culture, education, healthcare and technology.

As part of Xi Jinping's visit, China's central bank has also signed a currency swap⁷ deal worth 1.5 billion yuan with the National Bank of Serbia.

The 3-year agreement also includes an option for a future extension.

For his part, Tomislav Nikolic says Serbia is committed to work with China on regional and global issues.

"President Xi Jinping's initiative to strengthen the role of China through the 'One Belt, One Road'program will enable countries along its route to strengthen their connection, to exchange technologies and knowledge, employ resources and manpower. Serbia is, in that sense, ready to become the most important partner of China and not only in the Balkan region.

Late last year, a consortium of Chinese companies began the construction of the Serbian section of the Serbia-Hungary railway.

Covering the total distance of 184 km in Serbia, the railway will shorten the travel time between Budapest and Belgrade from 8-hours to less than three.

Nikolic says the project is going to play an integral role in regional development.

For us, the modernisation of the Hungary-Serbia railway has a special significance, along with other projects of transport by land, maritime⁸ and river network between China and Serbia. That is a chance for the development of the whole region and also for economic development in general."

21 other agreements have also been signed between China and Serbia, ranging in areas from economics, infrastructure, energy and finance to defense⁹, technology, culture and the media.