In a move furthering its influence around the globe, China has signed a new memorandum of understanding (MOU) regarding free trade with the leadership of Palestine. According to Reuters, the Chinese government announced the new arrangement via their website on Wednesday.

During a recent trip to Palestine, China’s vice commerce minister Qian Keming met with his Palestinian counterpart, Abeer Odeh, and finalized the new agreement. The countries have a 30 year history of doing business together, and in 2017 the total amount of commerce done between the two equaled $69.28 million. According to Reuters, this is more than a 15 percent increase from 2016.

As Keming worked on signing the new MOU, Chinese Vice President Wang Qishan met with Palestinian Prime Minister Rami Hamdallah on Tuesday to talk politics and diplomacy, according to Chinese state media. While speaking to reporters after the meeting, Qishan stated that China hopes for a “global effort” to resolve the “Palestinian issue” and develop a “two-state solution.”

“China stands ready to work with the international community to step up peace-promoting efforts, innovate on peace-promoting mechanisms, and make unremitting efforts in seeking a comprehensive, just and permanent solution to the Palestinian issue as soon as possible,” the vice president said.