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Guangzhou, Frankfurt boost partnership to new levels
Update: 2018-11-14     Source: newsgd.com

2018 marks the 30th anniversary of sister relationship between Guangzhou and Frankfurt.

The Frankfurt delegation in the Frankfurt Rose Garden in Guangzhou’s Liuhua Park

From November 10th to 13th, Peter Feldman, Mayor of Frankfurt, and Stephan Siegler, City Council Chairman of Frankfurt, led a delegation to visit Guangzhou and signed a new Memorandum of Understanding (MoU) to further partnership between the two cities.

Chen Zhiying, Deputy Mayor of Guangzhou, said trades between Germany and Guangzhou have stretched rapidly in the recent years, with the trade volume increasing 32 percent to US$ 5.6 billion in 2017.

“Germany and Guangzhou have great potential for cooperation. Thus far, German companies such as BASF and Lufthansa have settled 160 projects in Guangzhou while 17 Guangzhou companies and institutes have been set up in Germany with a total investment of US$ 221 million,” said Chen.

During the visit, mayors of the two cities signed a MoU, which is expected to guide the cooperation in investment & trade, technology & innovation, tourism and education. It also indicates that the two cities will work to establish the “Guangzhou-Frankfurt-Lyon Economic Alliance” and build a new cooperative platform.

Merck, the Germen tech conglomerate, signed an agreement with Guangzhou Development District to establish an innovation hub which will integrate the advanced technologies and expertise of Merck and its partners such as startups, academic institutions, business partners, and local government. The hub is scheduled to open in Guangzhou in September 2019.

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