Kuwait and China signed Monday in Beijing several agreements and Memorandum of Understandings aimed at boosting ties.
The deals were signed in the presence of the Kuwaiti ruler Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who is on a state visit to China, and Chinese President Xi Jinping.
The two countries have thus sealed a cooperation protocol to boost defensive industry cooperation, a MoU to encourage investment and upgrade cooperation between the Kuwait Direct Investment Promotion Authority (KDIPA) and the China Council for the Promotion of International Trade (CCPIT), and a cooperation agreement between Kuwait Petroleum Corporation (KPC) and China Export and Credit Insurance Corporation (Sinosure), reports Kuwaiti news agency KUNA.
A memo on developing smart applications for Kuwait’s Al-Harir City and Boubyan Islands projects was also signed between Kuwait’s Communication and Information Technology Regulatory Authority (CITRA) and Huawei Technology.
Kuwait and China also inked a Memorandum of Understanding (MoU) on e-commerce meant to boost cooperation through facilitating trade between the two countries and achieving sustainable development in the field, KUNA added.
