Agreement for Cooperation Fund has been signed between China and Organization of American States in Washington.

At the signing ceremony Wednesday in Washington, representatives of both sides said they will pursue cooperation and exchanges in a variety of fields, such as politics and economics, through this platform.

China has decided to allocate one million US dollars to set up a five-year cooperation fund, to support development in American countries and further exchanges between the two sides.

China was granted the OAS permanent observer status last May.

The Organization of American States, the premier western hemisphere organization, was established in 1948.

Source:CRIENGLISH.com