China invites Mozambique to attend the 5th Ministerial Conference of Forum Macau

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China invites Mozambique to attend the 5th Ministerial Conference of Forum Macau

3:54 CAT | 23 Sep 2016

Macauhub (File photo) / Ambassador Su Jian

China has invited Mozambique to attend the 5th Ministerial Conference of Forum Macau, a meeting between China and the Portuguese-speaking countries to be held next October in Macau, and the invitation was made by the Chinese ambassador to Mozambique, Su Jian.

After passing on the invitation from the Chinese Prime Minister Li Keqiang, to his Mozambican counterpart, Carlos Agostinho do Rosário, at a meeting on Thursday, the ambassador stressed that Mozambique’s attendance is of “paramount importance to the success of the ministerial meeting.”

“The presence of a high-level official delegation from Mozambique is very important to the success of the summit,” said Ambassador Su Jian.

The ambassador announced at the meeting in Mozambique that an industrial park to be financed by the Chinese government was planned, “in order to create more jobs, increase exploration of natural resources and allow the development of Mozambique’s foreign reserves.”

To carry out this investment a group of Chinese specialists is due in 2017 to study the location of the park as well as the industries that will be established in it.

“The government of Mozambique has already analysed several possible locations, so when there is a defined location we can start inviting Chinese, or Mozambican companies, to launch the first phase of the industrial park,” the Chinese ambassador said.

Data released by the Investment Promotion Centre shows that investment by Chinese companies in the first half of 2016 totalled almost 60% of foreign direct investment (FDI).

The ambassador also said that China is examining the possibility of writing off some interest-free loans to Mozambique in order to help the local government overcome the crisis facing the country.

Su Jian noted that China had pardoned ten interest-free loans to Mozambique since 2001, that another US$5 million loan was recently pardoned and that the two sides are now examining more debt pardons.

Source: Macauhub