On November 4, Wang Wentao, Hon. Minister of Commerce of the People's Republic of China, and Tangariki Reete, Hon. Minister of Tourism, Commerce, Industry and Cooperatives of Kiribati, signed the Framework Agreement on Enhanced Economic Partnership between the Government of the People's Republic of China and the Government of the Republic of Kiribati in Shanghai. 

Following the signing of the Agreement, China will actively advance negotiations on specific issues with Kiribati on the basis of mutual benefit and win-win results, further expand high-level opening-up, and expand bilateral trade by concluding institutional arrangements. It will also support Kiribati in attracting investment, share China's super-large market and broad development opportunities with Kiribati to achieve common development, and ensure that the outcomes of the Agreement will benefit the enterprises and peoples of both sides at an early date.