Maputo, Mozambique, 2 Aug – The chairman of the Confederation of Economic Associations (CTA) of Mozambique, Rogério Manuel called for Chinese businesspeople that invest in Mozambique to benefit from incentives to enter the Southern African, European and United States markets.
“The government encourages national and foreign direct investment by providing tax and customs incentives, complementing these with a favourable business climate,” Manuel told Macauhub.
The chairman of the CTA said that Chinese businesspeople could invest in sectors such as agriculture, forestry, the textile and clothing industry, and technology.
Manuel also said that Mozambique and China needed to boost trade relations and noted that by investing Mozambique, Chinese investors could benefit from incentives to enter the Southern African, European and American markets.
The chairman of the CTA noted that Chinese investments in Mozambique could have access to the Southern African Development Community (SADC) with the creation of the free trade area.
“As an example, with the creation of the free trade area of the Southern African Development Community products with 30 percent value added in Mozambique have unrestricted access to the South African market, with over 40 million people with strong purchasing power and to another 12 countries that are part of the bloc,” said Manuel.
According to Manuel, businesspeople from China, by investing in Mozambique can also benefit from the “African Growth and Opportunity Act” (AGOA), an initiative of the US federal government under the terms of which sub-Saharan African countries can export certain categories of products to the US market without any kind of taxation.
Manuel also told Macauhub that these incentives were also provided by the European consumer market, to which Mozambique also has preferential access via Economic Partnership Agreements (EPAs) with the European Union. (macauhub)