France, China back ‘irreversible’ Paris climate pact, sign deals worth $15bn

China and France reached consensus on the Paris climate agreement and signed contracts totaling $ 15 billion during President Emmanuel Macron’s visit. This was announced by a spokesman for the Chinese government at a briefing on Wednesday.

Speaking at a meeting on Wednesday in Beijing, Xi said that the leaders of the two countries gave «a strong signal to the world to steadily maintain» twin concepts along with «working together to create an open economy».

Agreements were reached in the areas of aeronautics, energy and agriculture, including permission for two dozen French companies to export poultry, beef and pork to China..

The parties also agreed to expand the poultry export agreements reached this year to include ducks and geese, as well as foie gras, and develop a protocol to allow France to export pig semen to China, the Macron administration said in a statement..

The energy agreements included a Memorandum of Understanding between Beijing Gas Group and French energy company Engie on cooperation on the construction and storage of a liquefied natural gas terminal in the northern city of Tianjin..

The head of the Beijing gas group told Reuters that the partnership with Engie will include working with a French company supplying membrane technology used to prevent gas leaks in large-scale gas storage projects being implemented by China..

Other deals include Total, which will establish a joint venture with the Chinese Shenergy Group in the Yangtze River Delta for the distribution of LNG by trucks..

The two countries also agreed to reach an agreement by the end of January on the cost and location of the nuclear fuel reprocessing plant to be built by Orano, formerly known as Areva..

France and China sign 'irreversible' climate agreement

Previous plans to build a plant in Lianyungang in China’s eastern Jiangsu province have been canceled following protests.

In addition, the Chinese state news agency Xinhua said that China will support purchases of Airbus aircraft by its firms..

According to Xinhua, the two countries have agreed to work together to advance the program to build and deliver the European A350 model aircraft to China, as well as to increase Airbus investments in China..

China and France hope to expand cooperation in the helicopter industry, aircraft engine manufacturing and maintenance, and pilot training programs.

Airbus said its delivery and completion center in Tianjin in northern China is expected to deliver the first wide-body A350 aircraft by 2021..

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