Britain and China signed business deals worth around 2.6 billion pounds ($4 billion) on Monday, as well as an agreement that will see a breeding pair of giant pandas, Tian Tian and Yuangguang, go to Edinburgh Zoo. The deals foresee increased sales of Jaguar Land Rover vehicles to China. JLR, a unit of Indian group Tata Motors (TAMO.BO), has committed to sell 40,000 Jaguar and Land Rover vehicles, worth more than 1 billion pounds, in China in 2011. Oil major BP (BP.L) and the China National Offshore Oil Corp signed an agreement on deepwater exploration in the South China Sea, the British government said.
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