Britain and China has signed business pacts that are worth multi-billion pounds during the Chinese President visit to the UK.
According to the reports, the two sides have signed an investment agreement that will allow the French energy firm and the Chinese Nuclear firm to build Hinkley Point C plant in the Somerset. Both sides have also signed the pacts in various fields like tourism, finance and entertainment.
Steps have been taken up for boosting the tourism, in this regard the UK is going to grant two-year multiple entry visa to UK for the tourists from China which will begin from next year. The new visa charges would be 85 pounds that is the same price as the current cost for the UK tourist visa for six month period.
Chinese companies have promised to invest around USD 156 million in the UK businesses. Both the sides have also decided to prolong their co-operation on many international issues.
Both sides have also confirmed to abstain from the cyber espionage and for liberalizing the visa regimes and also calls for the launch of the feasibility study for the EU-China Agreement on Free Trade, and also to boost the opportunities for the cultural, study and tourism.
