China, Namibia to hold talks on expanding trade cooperation

(Xinhua)
Updated: 2006-11-04 20:52

BEIJING, November 4 -- Chinese President Hu Jintao said here on Saturday that China and Namibia will hold special talks on expanding bilateral trade during the Beijing Summit of the Forum on China-Africa Cooperation.

During a meeting with Namibian President Hifikepunye Pohamba on the sidelines of the summit, Hu said that China and Namibia have witnessed steady development of cooperation with bilateral trade growing constantly.

An increasing number of Chinese enterprises invested in Namibia. More fruitful results of trade expansion are expected to be achieved during the summit, Hu said.

Pohamba said that China has offered many preferential policies to Namibia, which benefit Namibian people a lot.

Namibia is seeking economic and trade partners in the East, said the president, adding that dozens of entrepreneurs accompanied him to the summit to explore cooperation potential with Chinese business circles.

He said Namibia is willing to strengthen cooperation with China in the fields of industry, human resources and infrastructure construction.

China and Namibia established diplomatic ties on Mar 22, 1990. Li Changchun, member of the Standing Committee of the CPC Central Committee Political Bureau, visited Namibia in 2005. In the same year, President Pohamba visited China.

Namibia is a destination country for Chinese tourists and tourist groups. Bilateral trade came to 140 million U.S. dollars in 2005.