Minister of Commerce and Industry Meets Chinese Ambassador to Boost Trade Cooperation

Today, the Minister of Commerce and Industry, Hon. Jibril Abdirashid Haji, held a crucial meeting with the Ambassador of China to Somalia, Mr. Fei Shengchao, in a bid to strengthen the bilateral trade relations between the two nations. The discussions focused on fostering collaboration in the fields of commerce and economy to facilitate mutual growth and development. During the meeting, both sides emphasized the significance of robust economic cooperation and highlighted the importance of partnership between Somali and Chinese businesses. Recognizing the immense potential for trade opportunities, they expressed their commitment to promoting investments and enhancing economic ties for the benefit of both countries. One of the key topics of discussion was the facilitation of investment in Somalia, with a particular focus on the agricultural sector and the development of trade infrastructure. Minister Jibril shared the progress made by the Somali government in streamlining trade processes and improving the business environment. He also highlighted the initiatives undertaken to attract global investments, underscoring Somalia’s determination to become an attractive destination for international businesses. Ambassador Fei Shengchao praised Somalia’s efforts in creating an enabling environment for trade and investment. He expressed China’s readiness to collaborate with Somalia in various sectors, particularly in agriculture, where Chinese expertise and technology can contribute to boosting productivity and ensuring food security. The ambassador also emphasized the importance of developing robust trade infrastructure to facilitate the movement of goods and enhance bilateral trade. Minister Jibril and Ambassador Fei Shengchao agreed on the need for continued dialogue and cooperation to promote economic prosperity. They acknowledged the potential for Somalia to become a vital trade hub in the region, and emphasized the importance of engaging with international partners to attract global investments that would contribute to the country’s economic growth. The meeting concluded on a positive note, with both sides reaffirming their commitment to strengthening trade cooperation. The discussions held between Minister Jibril and Ambassador Fei Shengchao underscored the shared vision of Somalia and China in promoting economic growth, facilitating trade, and creating a conducive environment for businesses to thrive. The outcomes of this meeting are expected to lay the foundation for increased trade ties and pave the way for mutually beneficial partnerships between Somali and Chinese enterprises.

Source: Somali National News Agency