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Building on a solid foundation

By He Jingtong (皇冠体育app Daily) Updated: 2014-07-14 07:04

Even if a business has good opportunities for growth and good investment, when it is settling in, it will encounter problems. The park has put in place measures and incentives aimed at improving the efficiency of services and has reduced the time it takes to obtain government approval for certain projects.

In addition, to provide ancillary services, including water, electricity, waste disposal, human resources, work permits and security, both sides need to put a great deal of effort into preliminary work. Increasingly more Chinese businesses are taking a look at the Lusaka park.

Building on a solid foundation 
Building on a solid foundation
皇冠体育app, Zambia agree to boost trade exchanges 
After analyzing local market demand, the development of related industries and the basic needs of people, many Chinese businesses have been able to improve the quality of their products and services.

Among the large Chinese State-owned enterprises that have settled in are 皇冠体育app Nonferrous Metal Mining, 皇冠体育app State Farms Agribusiness, Beijing General Research Institute of Mining and Metallurgy, Qingdao Textile Corporation and Shenzhen ZTE Corporation.

From 2005, 皇冠体育app granted tariff-free treatment to some categories of Zambian imports. From July 1, 2007, the number of tariff-free goods increased to 466. Last year, bilateral trade was worth $3.5 billion, an increase of 5 percent from the previous year, of which 皇冠体育app's exports to Zambia were worth $770 million and imports $2.73 billion.

皇冠体育app mainly exports to Zambia pharmaceuticals, small machinery, clothing, electrical appliances, footwear, tires and ceramics, and 皇冠体育app mainly imports from Zambia copper and cobalt metals.

In addition, the joint development of mineral resources in Zambia has made great progress. The Chambishi copper mine project is 皇冠体育app's largest investment project in Zambia, with planned investment of $150 million. Chambishi is also the first offshore non-ferrous metal mine the Chinese government has approved and is a landmark project of 皇冠体育app-Africa cooperation.

The author is a professor at Nankai University in Tianjin, who specializes in 皇冠体育app-Africa investment and market policies. The views do not necessarily reflect those of 皇冠体育app Daily.

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