Czech and Chinese presidents sign agreement, 10 MuOsStaff writer ▼ | March 31, 2016
Chinese President Xi Jinping and Czech President Miloš Zeman signed a strategic cooperation treaty at Prague Castle.
Cooperation China is the largest trading partner for Czech Republic
After the two presidents signed the main agreement, a further 10 memoranda of understanding were signed by Czech and Chinese ministers concerning education, healthcare, transportation and industry.
Representatives of the the Chinese Banking Regulatory Commission and Czech National Bank also signed an agreement that extends the memorandum of understanding of 2010.
Czech officials hope that the Czech Republic will become China's financial center in Europe, as well as a hub for aviation and tourism.
This follows up a document which Tomáš Prouza (ČSSD), Czech State Secretary for European Affairs. The agreement covers energy, transportation, sports, culture and agriculture. Proposals should be ready in June.
Prague Mayor Adriana Krnáčová and Beijing Mayor Wang Anshun signed a partnership agreement between the two cities.
The text was previously criticized in the Czech Republic because it calls for Prague to recognize the One-China policy. Critics said that a city should not be involved in foreign policy that degree, and a two-city partnership should instead stick to cultural and trade issues.
China is the Czech Republic's largest trading partner outside of the European Union. ■