Mozambique's Maputo port starts $2 billion expansion project
Mozambique and Pakistan sign MoU on trade and investment
3:10 CAT | 06 Dec 2022
Photo: Twitter/ @naveedqamarmna
The Government of Mozambique from 29 November to 1 December 2022 participated in the 3rd edition of the Pakistan Africa Trade Development Conference and Exhibition in Johannesburg, South Africa.
The delegation was headed by the Minister of Industry and Commerce, Silvino Moreno, accompanied by senior staff (Foreign Trade, APIEX and the Mozambican High Commission in Pretoria) and around 20 national businesspeople mobilized by the Mozambican Chamber of Commerce from the south and north of the country.
The event, organized by the Government of Pakistan, took place at the Sandton Convention Centre.
In addition to the promotion, mobilization of investments and facilitation of partnerships in the sectors of agriculture, industry, information technology, mineral resources, civil construction and logistics, Mozambique defined, as part of its participation objectives, the signing of a Memorandum of Understanding on Trade and Investment. .
The Memorandum was signed on the 30th of November, after a bilateral meeting between the Ministers of Industry and Commerce of Mozambique, Silvino Augusto and his Pakistani counterpart, Syed Naveed Qamar, and aims to establish the Joint Committee on Trade and Investment between the Republic of Mozambique and the Republic of Pakistan.
Signing of MOU for establishment of joint trade and investment committee, the first institutional instrument of engagement between Pakistan and Mozamnique.
Silvino Augusto José Moreno, Minister for commerce, Mozambiques and Hon. Syed Naveed Qamar, Minister For Commerce, Pakistan pic.twitter.com/cxqWctRZkl— Syed Naveed Qamar (@naveedqamarmna) November 30, 2022
The Memorandum also provides for the exchange of information and experiences; adoption of international standards and conformity assessment procedures in areas of mutual interest; signing of an agreement on sanitary and phytosanitary standards, animal quarantine, technical regulations, standards and conformity assessment procedure; facilitating reciprocal access to markets; and establishment of subcommittees for specific subjects.
The Memorandum will be operationalized by the Joint Trade and Investment Committee, which is a platform for discussing trade and investment issues between the two countries, for improving trade and investment flows.
Source: Ministério da Indústria e Comércio - Centro de Informação de Negócios / Media Release
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