China wants to increase trade with Mozambique

23 June 2015

China wants two-way trade with Mozambique to reach US$5 billion by 2018, the Chinese ambassador to Mozambique, Li Chunhua, said Friday in Maputo cite by Mozambican news agency AIM.

In 2014, trade between the two countries stood at US$3.62 billion (119.79 percent more year on year), in which US$1.96 billion (+64.55 percent) represented Chinese exports and US$1.65 billion (+266.37 percent) was Mozambican exports to China.

In the first quarter of 2015 trade between the two countries reached US$587 million (+37.02 percent), with China selling goods worth US$447 million (+52.91 percent) and purchase goods worth US$140 million (+3.04 percent).

The ambassador also said the target had been put forward by Deputy Minister of Commerce, Gao Yan, during an audience granted by the Prime Minister of Mozambique, Agostinho do Rosário.

This visit by the deputy minister led to the signing of a general agreement for the next three years in the economic, technical and trade fields within the framework of cooperation between the two countries.

“We want China to continue to occupy a leading role in economic relations with Mozambique, through projects that bring mutual benefits,” said Nyeleti Mondlane, Mozambique’s Deputy Minister of Foreign Affairs and Cooperation, as part of the closing ceremony of the 5th session of the joint committee for cooperation between Mozambique and China.

Without giving details of the documents nor the amounts involved, the Mozambican deputy minister said that during the two-day meeting, the joint committee assessed 11 projects in various sectors, which will be conducted taking into account the state budget and the priorities of both countries, and following technical analysis by experts from each area.

During the meeting, the Mozambican and Chinese governments signed two agreements on digital migration of television and technical training for agriculture. (macauhub/CN/MZ)