Trade & Industry

Zambia and China Presidents commit to enhancing trade cooperation as they meet in Beijing

The president of Zambia, Hakainde Hichilema was hosted by his Chinese counterpart president Xi Jinping on Friday the 15th of September. The leaders held talks at the Great Hall Of The People in Beijing. According to a statement that was released jointly by the leaders, they "had in-depth exchange of views on China-Zambia relations, China-Africa

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The president of Zambia, Hakainde Hichilema was hosted by his Chinese counterpart president Xi Jinping on Friday the 15th of September. The leaders held talks at the Great Hall Of The People in Beijing.

According to a statement that was released jointly by the leaders, they “had in-depth exchange of views on China-Zambia relations, China-Africa relations and international and regional issues of mutual interest and reached extensive and important consensus.”

One of the symbols of the friendship between China and Africa is the TAZARA railway line. The statement also reveals that developing countries are rising collectively with greater global influence. This has become an irreversible trend of the times.

Hichilema went on to say: “We appreciate your role in altering, positively altering, the global order so that the global south can take our rightful place in the league of nations.”

Xi and Hichilema made an announcement that they will be elevating the China-Zambia relations to a comprehensive strategic cooperative partnership. The two sides have come to an agreement to establish an investment cooperation working group mechanism to promote investment cooperation in areas including digital economy and green development.

They mentioned that they will be strengthening the development of economic cooperation zones, support the upgrading of those economic cooperation zones in Zambia into industrial chain and supply chain cooperation demonstration zones.

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China has made a commitment to support Zambia’s investment promotion activities in China for the relevant zones.

The two countries will also be enhancing trade cooperation; with the Chinese side vowing to invite Zambia to continuously participate in the China International Import Expo.

Xi and Hichilema agreed to designate 2024 as the Year of Business Cooperation.

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

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