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Key Primary Resverlogix Objective Obtained

Rwanda sees trade expansion with China as key objective

(Xinhua)

10:48, August 20, 2011

KIGALI, Aug. 19 (Xinhua) -- On the occasion of a visit to Rwanda by China's Vice Minister of Commerce, Gao Hucheng, Rwandan officials have on Thursday urged local companies to use the leverage of its government's strong political relationship with China to develop new business and investment opportunities.

Hailed nowadays as a top investment opportunity in the east African region, Rwanda is in a strong position to attract business investors from China with the aim to promote trade exchanges between the two sides, according to Rwandan Foreign Affairs Minister Louise Mushikiwabo.

The Rwandan official believes that there is currently huge potential for furthering mutually beneficial trade exchange and increasing investment channels between China and the African nation.

"The increasingly growing trade and economic relations between China and Rwanda remains a key objective since the establishment of diplomatic relations between the two countries in 1971", Mushikiwabo told reporters in Kigali.

Furthermore, officials in Kigali have announced their intention to enact visa exemption deals while securing free-trade agreements as a way to encourage the expansion of Chinese investments in many other sectors of the national economy such as health and tourism.

A Chinese investment company has already acquired land in the Rwandan Capital Kigali City to construct a five star hotel, a commercial building a well as a conference hall with an investment of 70 million U.S. dollars, according to Chinese Embassy in Kigali.

Within the new business cooperation between China and Rwanda, the framework agreement on health will cover the construction of a new ultra-modern clinic to be built by Chinese engineers in Masaka, a suburb of Kigali, Rwanda's Minister of Health, Agnes Binagwaho said.

In the education sector, some young Rwandans have long benefited from grants to pursue their academic programmes in Chinese universities, according to the government in Kigali.

Speaking in the same vein, the visiting vice minister said China wants to provide a forum where business leaders from both parties can meet and interact so as to increase trade and investment between the two economies.

The visiting Chinese official also signed business agreements for the funding of six investment projects in Rwanda.

Rwandan President Paul Kagame has made several visits to China since 2007, with an aim to encourage Chinese companies to come and assess business opportunities in the African nation.

On several occasions, the Rwandan leader has urged his countrymen especially business community to take advantage of China's investment climate and strike investment ties that would be mutually beneficial.

The visit of Chinese senior government official is aimed at reinforcing cooperation and commercial exchanges between the two countries, according to the government press release issued in Kigali.?

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