Foshan and Namibia strengthening business relationship

13 Sep 2014 12:30pm
FOSHAN, 13 SEP (NAMPA) – The deputy director of the Bureau of Commerce in China’s Foshan city, Wang Zheng says his city had exported manufactured products worth US.dollars 10 million (N.dollars 109.4 billion) to Namibia last year.
Wang said this during the Foshan and Namibia business-to-business meeting held here on Friday, as part of the Namibian business delegation’s visit to the Chinese city.
“This important meeting will strengthen the level of co-operation between our business people and also help us to co-operate more especially in the area of direct investment,” Wang said.
Foshan city is located in the southern parts of China, and has a population of 7.26 million people.
Wang said since the beginning of this year the import and export of goods between Foshan city and African countries has increases by five per cent.
He called on the two Chinese and Namibian governments to encourage entrepreneurs to invest in the two countries in order to create further job opportunities.
Wang said Foshan city has great investment opportunity in the areas of furniture, clothing, manufacturing and tourism.
Speaking at the same occasion, Chief Trade Promotion Officer in the Namibian Ministry of Trade and Industry Oscar Sikanda said Namibia has a reliable transport infrastructure and the country also offers great investment opportunities in various areas of business.
He said Namibia has investment opportunities in port development and expansion, airport upgrade and expansion; ship repairs and floating docks; rail line upgrade and expansion; housing and power generation infrastructure.
The Namibian business delegation took a tour to various manufacturing factories in the city such as the Guangdong Hestia Energy Saving and Environment Protection Limited and Fenglu Aluminium.
Namibia’s Deputy Minister of Trade and Industry Tjekero Tweya is heading the Namibian business delegation.