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![[AP]](http://thebricspost.com/wp-content/uploads/2013/05/eu-fine-300x169.jpg)
China and the EU signed a three-year currency swap agreement worth 350 billion yuan ($57 billion) earlier this month [AP]
Three investment projects totalling $190 million will provide funding for a Sino-French sewage treatment project, a Sichuan Mianyang Haosheng BMW engine project, and increased investment in Shell Oil Company gas stations.
Another three trade projects worth a total of $80 million were also signed.
Exports from Sichuan to Europe totalled $6.87 billion in the first nine months of this year, according to official data.
Earlier this month, China’s central bank, the People’s Bank of China signed a three-year currency swap agreement worth 350 billion yuan ($57 billion) with the European Central Bank.
Trade between Europe and China has doubled since 2003 and is now worth more than $1.3 billion a day.
The European Commission is set to negotiate on an “investment agreement” with China at a meeting in Luxembourg later this month which could pave the way for a Free Trade Agreement between the two biggest markets in the world.
Source: Agencies
