WINDHOEK: NAMIBIA has sealed a long term trading relationship with China following a tour by a powerful ministerial and business delegation to the Asian country.
Prime Minister Hage Geingob led the delegation on a tour that lasted ten days.
Minister of Trade and Industry, Calle Schleittwein, who was part of the delegation to China, said in an interview that the recent trip by Government officials was successful and would culminate in the Chinese increasing their footprint in the fisheries, meat production and processing, mining and technology development in the near future.
While Schleittwein emphasised the need for the Chinese to partner with locals and also promote skills transfer in future, he added that Chinese were eager to create value chains in the future.
“The Chinese can definitely not be ignored. Reality is that the Chinese are the fastest growing economy in the world and we will need them. We have actually made significant inroads on engaging with China and Hong Kong and in principle our beef is now going to China.
“They are also eager to get the better part of our fisheries products. One part that we are also looking it is the technological transfer and our telecommunications industry will benefit a lot.
“The interest by the Chinese into the tech transfer business is a new engagement between the two countries that will eventually take our engagements to another level,” Schleittwein said.
Schleittwein added the recent engagement with the Chinese was a deliberate bilateral and trade-inspired move to inspire the Asian and Chinese markets as a whole.
“We have to continue cooperating and also cement reciprocal trade engagements with the Chinese that will see the both parties mutually benefiting,” he said.
China is among the heaviest investors in the Namibian economy.
Its ongoing construction of Husab Mine will contribute 5 percent of the total Namibian Gross Domestic Product.
The Chinese have also made significant inroads into Langer Heinrich Mine where they acquired 25 percent stake. Their investment into the mine also makes them the single largest investor in Namibia uranium.
SOURCE: CAJ NEWS