Cyprus PIO: News Update in English, 99-06-10

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From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

Thursday, 10 June 1999

CONTENTS

• [01] President Clerides visits ancient Xian
• [02] Cyprus and China will promote financial co-operation
• [03] Cyprus to host 3rd EuroMediterranean Conference for Ministers of Industry

[01] President Clerides visits ancient Xian

President Clerides and the members of his entourage were received at Xian airport by the Vice-President of Shanxi Provincial People/s Government Mr Jia Zhibang and the Mayor of Xian Mr Feng Huchu.

During the official welcoming ceremony, which took place at the South Gate of the ancient city of Xian, President Clerides was presented with the key to the city. Receiving the key, President Clerides said that �he accepts it as a token of the great friendship between China and Cyprus�.

Later in the day, President Clerides visited the famous Museum of Terracotta Warrior Figures of Quin Mausoleum. Today President Clerides will continue his state visit in Shanghai.

[02] Cyprus and China will promote financial co-operation

Cyprus Finance Minister Mr. Takis Clerides said the meeting with his Chinese counterpart Xian Huai Cheng gave him the opportunity to exchange views �on the establishment of joint ventures in the field of technology, which China possesses and how these joint ventures can find their way to the EU�. He added that China would like to use Cyprus as a bridge to Europe.

Mr Clerides also said that the two ministries have undertaken to examine ways to better implement an existing agreement on the avoidance of double taxation.

[03] Cyprus to host 3rd EuroMediterranean Conference for Ministers of Industry

The decision was taken during the works of the EU Committee for EuroMediterranean Affairs held last Tuesday in Brussels after a proposal submitted by the Government of Cyprus.

The 3rd EuroMediterranean Conference for Ministers of Industry will deal with issues relating to financial co-operation between the 27 EuroMediterranean partners (15 EU countries + 12 Mediterranean countries) as well as the internal market and the progress achieved so far in those fields. Moreover it will examine ways to further promote investment activities in the Mediterranean Basin, the industrial structure of small and medium size enterprises as well as the implications of the internal market on the Mediterranean countries.

From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/

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