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H.E. Mr. Kristjan Järvan Minister of Entrepreneurship and Information Techriology Republic of Estonia Tallinn 9 August, 2022 Your Excellency, In recent years, China-Estonia relations have developed at a steady pace. Since Estonia joined the China-CEEC cooperation and the Beit and Road Initiative (BRI), our cooperation in various fields has yielded fruitful results. This year marks the lOth anniversary of the launch of China-CEEC cooperation. Over the past ten years, the practical cooperation between China and the CEE countries has greatly promoted the improvement of the political and trade relations between the two sides. The bilateral trade volume has doubled in ten years while Chin&s investment in the CEE countries has achieved a six-fold increase. In recent years, cooperation between China and the CEE countries has also experienced some unstable factors. In particular, the COVID-19 has made cooperation in various fields more difficult, and the increasing downward pressure on the giobal economy has brought challenges to the cooperation. However in 2021, the trade volurne between China and the 16 CEE countries rose to a historic high of $124.02 billion with an increase of 29.7% year-on-year, which was far higher than that between Chinjjs.JA KO(ATSIOONMSTM 1 11, 08. 2922 /—42o2Z/ Nr ......... the EU, while China-Estonia trade volume increased by 12% year-on-year. We also do well in the area of investrnent. In 2018, Guangzhou Hangxin Aviation Technology’s (Hangxin Technology) acquisition of Magnetic MRO biggest investment made by Chinese companies in Estonia, which is the first aviation industry cooperation project between China and Estonia, and the biggest investment made by Chinese companies in Estonia so far. Estonian wooden house production company AS Saare Erek invests in Hubei, China and the project runs well. China has a population of more than 1.4 billion with 400 million rniddle class people. As the fundamentais of China’s long-term economic development remain unchanged and China will open wider to the outside in the future, the potential of our trade and investment cooperation wiIl become bigger in the future. China-CEEC cooperation, together with bilateral relations and China-EU relations, has constituted the three major platforms for China-CEEC relations, and has becorne an irnportant part and useful supplement of China-EU cornprehensive strategic partnership. China attaches great importance to the development of China-Estonia relations. 1 am willing to joining hands with you to further deepen our practical cooperation and prornote the China-CEEC cooperation and BRI cooperation to a higher level so as to enhance the robust development of our bilateral relations. Please accept, Your Excellency, the assurances of my highest consideration. Li Chao Chinese Ambassador to Estonia 2