Focus on Bissau investment immigration, focus on relevant laws of Guinea: Agreement on Commodity Loans from China to Guinea.
The Government of the People's Republic of China and the Government of the Republic of Guinea, in order to enhance the friendly and trade relations between the two countries, have signed this agreement, with the following provisions:
Article 1 According to the economic development needs of the Government of the Republic of Guinea, the Government of the People's Republic of China agrees to provide the Government of the Republic of Guinea with interest-free, unconditional commodity loans of £×××, with each pound containing 2.13281 grams of gold. If there is a change in the gold content, the total loan amount, the amount drawn from the loan, and the amount to be repaid shall be adjusted accordingly based on the change ratio, as well as the amounts in contracts signed for the execution of this agreement that have not yet been fulfilled.
Article 2 The aforementioned loan, as agreed by both parties, will be provided by the Government of the People's Republic of China to the Government of the Republic of Guinea in 1969 for general commodities. The varieties, quantities, prices, delivery conditions, and delivery times of the commodities shall be specified in contracts signed by the trade agencies of both governments.
Article 3 The aforementioned loan will be repaid by the Government of the Republic of Guinea in installments from January 1, 1975, to December 31, 1979, over a period of five years, with repayment of one-fifth of the loan twice a year, totaling ten repayments.
Article 4 The technical details regarding the accounting records for the utilization and repayment of the loan shall be separately agreed upon by the People's Bank of China and the Guinea Foreign Trade Bank.
Article 5 This agreement shall come into effect from the date of signature and shall become invalid on the day both parties have completed all obligations stipulated in this agreement.
This agreement was signed on February 28, 1969, in Beijing, in two copies, each written in Chinese and French, with both texts having equal validity.
