Reuters AlertNet Lite - China signs deals worth $80 mln with new ally Chad

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China signs deals worth $80 mln with new ally Chad

05 Jan 2007 09:46:52 GMT
Source: Reuters

N'DJAMENA, Jan 5 (Reuters) - China has signed a series of loan, debt relief and economic cooperation agreements worth $80 million with Chad, less than six months after the oil-producing central African country restored diplomatic ties with Beijing.

"The total value of these deals is estimated at around 40.5 billion CFA francs ($81 million)," Chad's foreign ministry said in a statement following a visit by China's Foreign Minister Li Zhaoxing.

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Last updated:Fri Jan 5 09:47:53 2007