China’s Foshan City seek to increase trade with Nam
By Timo Shihepo
Windhoek – A Chinese delegation comprising of top government officials and entrepreneurs arrived in Windhoek, Namibia, last week, with the mission of increasing trade between Foshan city and Namibia.
Foshan is a developed manufacturing city in south China, located at the core of the Pearl River delta. The total area of the city is 3,797 square kilometres, with a population of 7.9 million.
Foshan city is known as the trade and business capital of China’s stainless steel processing and metal materials processing. The main products include copper, aluminium, stainless steel household products and so on.
According to statistics, the import and export value of Namibia and Foshan in 2016 was $7,71 million.
In 2016, Foshan’s GDP reached $130,76 billion compared to Namibia’s $10,27 billion, representing an annual increase of 8.3 percent, and total import and export of Foshan reached $62,56 billion, while exports accounted for $47,03 billion. Deputy Secretary General of the Foshan government, Lai Zining said the US$ 7.71 million is an indication that there is still a great opportunity for cooperation between the two sides.
Speaking at a function in Windhoek on September 22, Zining said it’s because of the low trade of volumes between the sides that they organised a group of high-quality entrepreneurs of Foshan to carry out a series of economic and trade activities in Namibia.
The delegation is looking at in the areas of household appliances, ceramics, food, metal materials processing and other fields.
“We hope that through this meeting, we will build a broader platform for cooperation between Foshan and Namibia. I warmly welcome all friends from Namibia to visit Foshan for inspection and carry out business activities. I also hope that today’s meeting will achieve fruitful results and hope that the friendship between China and Namibia will remain forever,” he said.
At the same occasion, Willy Shimbome from the Namibia Investment Centre in the Ministry Of Industrialization, Trade and SME Development told the Foshan delegation that there are so many reasons why they should invest in the country.
This include, business friendly legal and regulatory framework, protection of investment Foreign Direct Investment Act, pre-investment (entry and work permits) and post-investment facilitation, generous incentives (manufacturing, value addition and export-oriented operations), facilitation of joint venture partnerships and business linkages, as well as industrial land facilitation, sites and premises.
Shimbome then said some of investment opportunities are found in the areas of mineral beneficiation and jewellery making; automotive parts and components; fertiliser and petrochemicals (salt); pharmaceuticals, PC, electronic and electrical components assembly; construction materials (steel and glassware); textiles and garment.
Other opportunities according to Shimbome are found in the mining and energy sectors, agriculture/agro-industry, fisheries, tourism and infrastructure development.
“If you invest in Namibia you do not only have access to the Namibian market but also to the SADC –Free Trade Area and market of over 300 million people,” he said.
Shimbome told The southern Times that: “It’s true that there are some Chinese who do not obey to the laws of the country. While we welcome you to invest here, you will have to use the Namibian laws and not that of China. We all need to respect the laws of the country.”