Ghana and China to deepen trade partnership at 3rd economic and trade expo in June

Ghana and China to deepen trade partnership at 3rd economic and trade expo in June

Ghana and China have deepened economic and bilateral trade relations ahead of the third China-Africa Economic and Trade Expo (CAETE).

The third China-Africa Economic and Trade Expo (CAETE) is taking place on June 29, 2023 in China at Changsha, Hunan.

Representatives from China and Ghana, converged at the China (Shaoyang) and Ghana Economic and Trade Matchmaking conference on Monday in Accra to strengthen collaboration and trade partnership.

Speaking at the programme, a deputy minister of Trade and Industry, Michael Okyere Baafi said, Ghana will continue to strengthen the bilateral and trade relationship with China.

Michael Okyere Baafi, Deputy Minister of Trade and Industry

He said, Ghana is determined to forge stronger ties with China to be able to gain more from China in the area of business.

Mr. Baafi said, Ghana would actively take part in the up-coming Expo in China to seek investment, particularly, in the auto sector.

“We cannot trade without China now. Africa’s only hope in terms of civilisation and trade and industrialisation depend on China and that is how the country has a specific foreign policy with China to build this relationship together for both countries to benefit,” Mr. Baafi, said.

He urged Chinese companies to take advantage of the Africa Continental Free Trade Area (AfCFTA) initiative and establish their presence in Ghana.

For his part, the Director of Enclaves, Zones and Applications of Ghana Free Zones Authority, Kwame Asante Nsiah, noted that out of 226 companies in the Free Zone Enclaves, only twelve are Chinese firms.

He urged Hunan Province to make Ghana their hub, beat the shipping cost and get closer to their clients here in Ghana by manufacturing their products here.

Yan Lijn, Deputy Mayor of the Shaoyang Municipal People’s Government

The Deputy Mayor of the Shaoyang Municipal People’s Government, Yan Lijn, in her remarks said the expo was expected to receive participants from a lot of African countries to showcase their products and services and also see what China offers.

She said the programme would also provide opportunity for businesses and investors to seal business deals and contracts.

The Deputy Director of Shaoyang Municipal Bureau of Commerce said the 3rd China-Africa Economic and Trade Expo would bring new opportunities and inject new momentum for practical economic and trade cooperation and win-win partnership between Ghana and China.

Yan Lijn said, China is working to attract more Chinese companies to establish in Ghana particularly in the area of Free Zones enclave.

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