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Yugoslavia: Economic Agreement Signed With China

Beijing, 13 November 1997 (RFE/RL) -- Chinese President Jiang Zemin and his Yugoslav counterpart Slobodan Milosevic signed an agreement in Beijing today aimed at boosting economic ties.

The official Xinhua news agency, quoting a joint statement, said the two sides will encourage their enterprises to conduct mutually beneficial cooperation and trade. Xinhua gave no details about specific measures contained in the agreement to increase trade.

There was no word on whether the two leaders had discussed a dispute over an oil barter pact struck last year.

China is one of the main suppliers of oil to Yugoslavia but news reports have suggested Beijing is unhappy with the oil-for-goods deal and wants cash instead.

Milosevic arrived in Beijing today at the start of a four-day state visit to China along with a large business delegation. Tomorrow he is to meet China's top official on the economy, Vice-Premier Zhu Rongji.