An eco-industrial park will be built in Zhenjiang city, Jiangsu province, as a strategic cooperation project between the Chinese and Swiss governments, officials at the second Sino-Swiss Economic Forum said on July 10.

On Monday, the Federal Councilor of Switzerland Johann Schneider-Ammann signed a Memorandum of Understanding with his Chinese counterpart, Minister Chen Deming, to build the park.

The project will be implemented by Cleantech Switzerland, a clean energy promotion agency, and the city of Zhenjiang. The two sides will work closely on park planning, green products manufacturing, technology trade, and research and development.

In 2011, the volume of bilateral trade between Switzerland and China reached $30.9 billion, making Switzerland the seventh largest trading partner in Europe, according to the Ministry of Commerce.

[email protected]