Updated: 06/17/2014 23:42 | By Agence France-Presse

China, Britain sign £14 bn in trade deals: Cameron

Britain and China have signed trade deals worth over £14 billion ($28 billion, 17 billion euros) during a visit by Chinese Premier Li Keqiang, British Prime Minister David Cameron said Tuesday.


China, Britain sign £14 bn in trade deals: Cameron

British Prime Minister David Cameron (R) and Chinese Premier Li Keqiang leave Number 10 Downing Street after a meeting in London on June 17, 2014 - by Andrew Cowie

"Today we have signed deals worth more than £14 billion," said Cameron at a joint press conference in London.

Both sides are seeking to heal ties which were strained when Cameron met exiled Tibetan spiritual leader the Dalai Lama in 2012.

Earlier, Li met Queen Elizabeth II at Windsor Castle as part of his three-day visit, which comes after Cameron's trip last December to China.

No details were given of the agreements but British energy giant BP said earlier that it would be signing on Tuesday a deal worth around $20 billion (14.75 billion euros) over 20 years with Chinese state-owned peer CNOOC to supply China with liquefied natural gas.

Royal Dutch Shell is also reportedly set to sign an accord with CNOOC during Li's visit.

In addition, China's state bank is said to be investing in the HS2 high speed rail link between London and the Midlands and north of England.

Li wrote in The Times newspaper Monday that there were "many areas for collaboration" between the two countries.

He added that he was hoping for "stronger cooperation in finance, infrastructure construction, among others" and that "we look forward to win-win engagements".

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