China’s new trade policy could boost Namibia’s exports
Breadcrumb
Namibia's export sector could soon see new opportunities as China introduces a new trade development policy.
Namibia's export sector could soon see new opportunities as China introduces a new trade development policy.
China and Namibia marked the Chinese New Year, the Year of the Horse, with a cultural celebration highlighting growing people-to-people ties between the two countries.
Renowned Pan-Africanist Patrick Lumumba says the United States' foreign policy is increasingly displaying contradictions that reflect a power struggling to define its role in a changing global order.
China has urged the United States to abide by the one-China principle and to stop the "dangerous moves of arming Taiwan".
China issued the statement in response to the latest U.S. announcement of large-scale arms sales to the Taiwan region.
Zambia has started accepting China's yuan for mining taxes, becoming the first African nation to do so.
The Bank of Zambia is aligning its reserve management with the significant role of China as a major copper trade and debt partner.
China has delivered its second batch of rice donations to the government, worth N$76.5 million, to support the 2024/25 drought relief programme.
The first batch of 27,200 bags of rice was delivered in February, earmarked for Oshikoto.
The Chinese Embassy has handed over 25 corrugated iron houses to the families that were affected by rainstorms earlier this year in the Mankumpi constituency in the Kavango East Region.
The donation is worth N$300,000.
China's Ambassador to Namibia, Zhao Weiping, said Beijing supports Namibia's efforts to develop its manufacturing sector and increase local value addition.
Speaking to the media on Wednesday, Zhao noted that Chinese investments do not only focus on resource extraction.
China's Ambassador to Namibia Zhao Weiping has outlined Beijing's latest political, economic, and diplomatic agenda, covering outcomes of the Communist Party's recent plenary session.
It also includes new commitments on women's development and China's evolving role in global governance.
Chinese Ambassador to Namibia Zhao Weiping said that Chinese investments would never threaten Namibia's sovereignty or create dependency.
He said such concerns are misplaced, stating that China's cooperation with Namibia is based on mutual respect and equality.