The Republic of Equatorial Guinea has entered into new agreements with the People's Republic of China, further solidifying economic and cooperative ties between the two countries, thus strengthening their political relations with additional technical, financial and political support for the industrialization of the Republic of Equatorial Guinea.
In a ceremony yesterday, the Head of State of the Republic of Equatorial Guinea, H.E. Teodoro Obiang Nguema Mbasogo held audience with the President of the People's Republic of China, Xi Jinping.
The Heads of State discussed important points about the relationship between the two Republics and reached a number of agreements and memoranda of understanding, among these:
- Cooperation Agreement between the Ministry of Foreign Affairs and International Cooperation of the Republic of Equatorial Guinea with the Ministry of Foreign Affairs of the People's Republic of China, for mutual realization of diplomatic consultations;
- Commercial Agreement on Economic and Technological Cooperation between the Republic of Equatorial Guinea and the People’s Republic of China for the support of the Telecommunications Infrastructure Manager of Equatorial Guinea (GITGE);
- Cooperation Agreement for the Constructions of Hospitals and Training of Teachers between the People’s Republic of China and the Republic of Equatorial Guinea;
- Memorandum of Understanding between the Export-Import Bank of China (EXIM Bank) and the government of the Republic of Equatorial Guinea, represented by the Ministry of Finance and Budget, to establish a line of credit;
Macro Strategic Cooperation Agreement between the Government of the Republic of Equatorial Guinea and the China Export & Credit Insurance Corporation (SINOSURE) and the Industrial and Commercial Bank of China.
This event will be followed by a visit by the Head of State, H.E. Obiang Nguema Mbasogo of the city, sub-province of Dalian, where the talks will continue with potential Chinese investors during the celebration of the Equatorial Guinea-Asia Economic Forum that will take place on April 30. In it, a large number of companies interested in investing in the Republic of Equatorial Guinea in various of the country’s economic sectors, will attend to learn about the varied investment opportunity offered by the Republic of Equatorial Guinea.
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