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Nam-China host business seminar

09/11/2017
by Staff reporter 
Business

Namibia and China have collaborated on a business seminar hosted in Windhoek this week, to boost bilateral economic and trade cooperation between the two countries.

The seminar offered local businesses an opportunity to engage their counterparts in interactive business information sessions acting, chief executive officer (CEO) of Namibia Chamber of Commerce and Industry (NCCI) Charity Mwiya said. 

This platform was created for the benefit of business people from both countries, to learn from each other and most importantly create contacts and learn about new businesses they can venture into, she said. 

She said in strengthening Namibia-China relations, exchange of visits at different levels of government and businesses will continue.

Speaking at the occasion, the vice chairperson of China Council of Promotion of International Trade (CCPIT) Zang Wei said trade relation between the two countries have developed, thereby increasing economic activities between the two countries.

“We have seen good trade and an increase in volumes of trade over the years. As partners there is still a lot that we need to work on, especially in the agricultural sector. Namibia has already taken few examples from China and implemented successfully. Chinese people are ready to help in any way that they can and I trust that Namibian people are also,” he said. 

He added that the sectors that the two countries need to look into more for trading is the fishing and the aquaculture.

There have been successful projects that are currently up and running worked on by experts of the two countries.

Bilateral trade volumes between the two countries have increased by 20 % from January to June this year. 

Last year US$435 million worth of trade was recorded 

The two countries have also signed a new memorandum of understanding for trade at the opening of the event.