PRIME Minister Sir Michael Somare has his first bilateral meeting last Friday when he met with the president of the People’s Republic of China Hu Jintao.
Sir Michael said they discussed the “strong and growing” relations between the two developing nations.
Trade between both nations in 2006 totalled US$500 million (K1.5 billion).
In the first half of this year, trade recorded was already US$350 million (K1.1 billion).
Sir Michael said this robust relationship was further exemplified by regular high level visits.
“Before leaving for the Apec summit, I met with Madam Lu, head of China Metallurgical Construction (Group) Corp (CMCC), the operator of the Ramu nickel mine,” Sir Michael said.
CMCC is China’s biggest investment, worth almost US$1 billion (K3 billion) in the Ramu nickel project that is expected to start production by 2009.

 

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