An industrial park in China’s island province of Hainan is set to find new applications for extracts and byproducts from Mozambique’s cashew nuts.
Mozambique
There also need to be more flexible rules governing access to a sino-lusophone investment and development fund set up in 2013, Maria Gustava says.
The African nation’s trade minister says it wants to ‘attract more Chinese investment and take advantage of the opportunities that are offered’.
Tariffs will be lowered by as much as 98 percent on some products, according to Mozambqiue’s ambassador to China.
The promise was made by Japan’s Prime Minister Fumio Kishida, in Maputo on the final leg of an African tour.
The government says the scheme is intended to boost tourism and business travel to the country, one of the fastest growing economies in Sub-Saharan Africa.
The new facility will be located in Chongoene and will handle shipments of so-called ‘heavy sands’ to China, the biggest market for Mozambique’s minerals.
One official says the aim of the new tax guides to Portugal, Mozambique and Cabo Verde is to assist ‘companies in the process of going global’.
Subrahmanyam Jaishankar, India’s foreign minister, has also discussed potential cooperation in areas such as trade, infrastructure, energy and defence.