China to set up procurement centre in Livingstone

CHINA plans to open up an international procurement centre in Livingstone to allow more Zambian products to be exported to the outside market, says head of the visiting Chinese business delegation to Zambia Liu Gang.

Speaking when the  delegation paid a courtesy call on the Minister of Commerce, Trade and Industry, Mr Liu said the international procurement centre would enable more Zambian products to be exported to other countries including China.

“We want to set up an international procurement centre in Livingstone for Zambian products to be sold to international markets.

‘‘In future we wish that there are more and more products exported to China through the same procurement centre,” he said.

He said the visiting chief executive officers from different Chinese companies had expressed interest in investing in Zambia because of its business excellent environment.

“The delegation is ready to invest in Zambia and startup businesses. We are confident that we will make our business successful.

‘‘We all work together to set up projects. We would like to get the biggest support from the Ministry of Commerce, Trade and Industry,” he said.

Mr Liu said the delegation was interested in investing in areas such as bio-medicine, manufacturing of lighting products and water pumps.

According to research conducted by the delegation, there was high demand for water pumps in Zambia and that was why they had expressed interest to invest in the sector.

He asked for support from the ministry especially with interpretation of Government policies in order for the Chinese businessmen to be able to implement the projects.

Mr Liu said some Chinese companies among the delegation were interested in investing in the motor industry.

Meanwhile, Commerce minister Mwanakatwe said Zambia was an investment-friendly country.

Ms Mwanakatwe said Zambia had a good investment environment which allowed serious investors to freely set up industries in the country.

And ministry’s permanent secretary Siazongo Siakalenga welcomed the facilitation of the international procurement centre in Livingstone.

Mr Siakalenga said the facility would allow Zambian products to be marketed in the COMESA and SADC region.

“We welcome the facility in Livingstone which will allow re- exporting of some of the products into the COMESA and SADC region’s tripartite free trade area with a population of close to 760 million people,’’ he said.

Categorized | Business

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