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Establishment Of Economic Ties Between Sweden And China
Brief Historical Overview:

Trade between China and Sweden began to develop rapidly when the Swedish East India Company was founded in 1731. The successful English and Dutch East India companies already trading were closely studied and the decision was made to develop international trade with China. Many ships were sent to China and came back loaded mainly with silk, porcelain, tea and spices. Until 1806 at least 130 voyages, mostly with commercial perspective, were sent from Sweden to China. In this period the Swedish ships mainly sailed between the city of Gothenburg on the west coast of Sweden and the port city of Guangdong (Canton).

The kingdom of Sweden recognized the People's Republic of China on 14th of January 1950. The same year Sweden made history, when it as the first western country established diplomatic relations with China on 9th of May 1950. The two countries decided quickly hereafter to exchange ambassadors within the same year.

Since the establishment of diplomatic relations, Chinese-Swedish relations developed progressively. Bilateral exchanges and cooperation at various levels in the fields of politics, economy and culture increased constantly and have through the years achieved remarkable results.

The development of the Chinese-Swedish economic relations has especially been pushed forward by several ministerial contacts and more frequent exchanges of high level visits. Up through the 90'ties cooperation at various levels between various government departments, enhanced the mutual understanding of each others economies and resulted in several bilateral agreements and friendly relations between the two countries.

 
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