China explores trade opportunities in Nam
07 Nov 2017 19:50pm
WINDHOEK, 07 NOV (NAMPA) A Chinese business delegation is in Namibia to explore trade and investment opportunities in the country.
The 33-member group from the China Council for the Promotion of International Trade (CCPIT) started discussions with its Namibian counterpart, the Namibia Chamber of Commerce and Industry (NCCI), on Monday in a China-Namibia Business Seminar which ends on Wednesday.
The CCPIT promotes foreign trade in areas of information technology, commerce and manufacturing.
CCPIT Vice Chairperson, Zhang Wei said during the official opening of the three-day seminar here on Tuesday that trade was important for bilateral relations between China and other African countries.
China has rich experience in infrastructure, manufacturing and technology. We want to strengthen cooperation to give strong support to Namibia, he said.
Zhang said the delegation saw a future of broader trade relations with Namibia as the country has complete laws in place, a good transportation system and abundant resources.
He added that China accumulated about N.dollars 5.3 billion in imports, however, the structure of its imports was not balanced in its investments.
Zhang indicated that over 100 million products were imported to Namibia from China annually.
NCCI Acting Chief Executive Officer, Charity Mwiya said at the same occasion that the largest investment in Namibia from China is in the mining sector.
Therefore, the seminar would help to identify other areas in the Namibian economy where investment was needed, she said.