September 15, 2023
Finance International

China, Greece sign Strategic Cooperation Agreement On Shipping Finance

The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed a strategic cooperation agreement on shipping finance during an online event held on Friday.

Under the agreement, the two parties will establish a collaborative network to stimulate communication among shipping companies and financial institutions from both international shipping centers, speakers from both sides said.

Greece’s Deputy Minister of Maritime Affairs and Insular Policy Kostas Katsafados told the event that the agreement “will further strengthen the relations of the countries in the financing sector.”

The signing of the agreement symbolizes the lasting collaboration and strong bonds between the two maritime centers, he said.

Over the last decades, Greece and China have built a strong complementary relationship based on the sea. Greeks control 25 percent of the world’s ocean-going merchant fleet and the synergies with China, the world’s largest exporter, are obvious, he explained.

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