The deal will effectively optimize the trade structure and cultivate new growth points for economic advancement and increased employment between China and the union's members, especially in the areas of energy, road logistics, light industry, regional aviation and railway network development, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.
The current policy of reducing premiums for unemployment insurance and work injury compensation insurance will continue, with higher subsidies to support labor-intensive enterprises' employment and social insurance payments, said the minister.
The dean of Africa's diplomatic corps in Kenya, Beyene Russom, the ambassador of Eritrea, said Africa needs support and cooperation to meet the global sustainable goals. "It is time that as developing countries, we become the drivers of projects that are aligned to our goals. We should be in the lead."
The dam collapsed in Brumadinho Municipality and caused a mud wave to flow down the river, destroying administrative areas of Vale and residential areas as well.
The deal is subject to regulatory approval and financial terms, and the transaction is expected to be completed by the fourth quarter of 2017.
The customs said mechanical and electrical products have been the dominant import and export commodities in the first half of this year. The export of such products grew by 24.4 percent to 173.49 billion yuan, accounting for 86.3 percent of the province's total export.
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The country's expenditures on blockchain technology will see a compound annual growth rate of 65.7 percent from 2018 to 2023, the company estimated.
The cuts came mainly as discounted payments to pension funds as well as unemployment and work injury insurance, which are shared by employers and workers, he said.
The data marked a year-on-year increase of 14.7 percent and 13 percent, respectively.
The country's civil aviation industry operated 660 million passenger trips in 2019, up 7.9 percent year-on-year, according to the latest statistics released by the administration.