09 Sep 2014 14:40pm
By Olavi Haikera
XIAMEN, 09 SEP (NAMPA) - Trade and Industry Deputy Minister Tjekero Tweya says Namibia has the capacity to do business with the world, including with big markets such as China.
Tweya is heading a group of over 10 Namibian business people who are participating in this years China International Fair for Investment and Trade (CIFIT), which kicked off in Xiamen, China on Monday.
The four-day event is an international investment promotion event aimed at facilitating two-way investment.
It is also the largest global investment event approved by the Global Association of the Exhibition Industry.
This year, the event is being held under the themes Introducing Foreign Direct Investment and Going Global.
This is the fifth time Namibia is participating in the CIFIT.
Tweya told Nampa soon after the official opening on Monday Namibia has benefitted tremendously from the international fair. One of these benefits was the iron ore investment in Opuwo in the Kunene Region, which he said is a result of trade relations between Namibia and China.
The deputy minister noted that Namibia has also seen an increase in Chinese investment in the country through platforms such as CIFIT.
Tweya indicated that the participation of Namibian businesses in the 18th CIFIT is yet another opportunity to show Chinese investors that Namibia has the capacity to do business with them.
He was optimistic that the China International Fair for Investment and Trade will provide the Namibian delegation with a rare opportunity to network and establish contacts with Chinese companies and businesses for possible future co-operation in trade and investment in several fields.
It is for those businesses to liaise and discover future leverage in the form of suppliers, manufacturers and also in the form of learning new businesses and business opportunities, Tweya said.
He went on to say the fair will give Namibian business communities major exposure to the international community and encourage them to learn new ways to grow their businesses.
Tweya noted that the forum will further enable the country to break away from a monopolistic source market to a multiple source market.
He was optimistic that through international exposure, the participating Namibian businesses will ultimately be in a position to compete with international companies, subsequently enabling the country to be recognised globally as an active player in trade and investment.
The deputy minister also encouraged Namibian businesses to make use of the conducive business environment created by Government, saying trade and investment determines the countrys future.
The participating Namibian businesses are engaged in manufacturing, construction and pharmaceutics, amongst others.
Over 100 countries from around the world are participating in this years CIFIT.
The event attracts investment promotion agencies from dozens of countries and regions, showcasing investment environments, policies and projects.