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Tariffs, trade wars hurt world economic order – China’s President Xi

Chinese President, Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading system and impact the world economic order.

Xi stated this in Beijing during a meeting with Azerbaijan President Ilham Aliyev, who is on a state visit to China from April 22-24.

According to him, China is willing to work with Azerbaijan to safeguard the international system and carry out “in depth” law enforcement and security cooperation with the Azerbaijan side.

“China is ready to work with the Azerbaijan side to uphold the international system with the United Nations at its core…and safeguard international fairness and justice,” he said.

The two leaders announced the establishment of a comprehensive strategic partnership between China and Azerbaijan.

The partnership was said to include the signing of 20 cooperation documents as part of China’s Belt and Road Initiative, in areas including legal, green development, digital economy, intellectual property rights, and aerospace.

Azerbaijan, which borders Iran, Russia, Georgia and Armenia, was one of the first countries to support China’s BRI initiative.

It was launched in 2013 by Xi as a way to extend China’s geopolitical and economic influence through a global infrastructure development push.

China and Azerbaijan signed a mutual visa exemption for citizens holding ordinary passports and will promote exchanges and cooperation between the two countries in various fields.

Both countries are committed to expanding market access for green and high-quality agricultural products and in renewable energy.

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